Saturday, 31 December 2016


**SIDBI: Small Industries Development Bank of India (SIDBI), set up on April 2, 1990 under an

Act of Indian Parliament, is the Principal Financial Institution for the Promotion, Financing and

Development of the Micro, Small and Medium Enterprise (MSME) sector and for Co-ordination

of the functions of the institutions engaged in similar activities.

**National Bank for Agriculture and Rural Development (NABARD) is an apex development

bank in India having headquarters based in Mumbai (Maharashtra) and other branches are all

over the country. The Committee to Review Arrangements for Institutional Credit for Agriculture

and Rural Development (CRAFICARD), set up by the Reserve Bank of India (RBI) under the

Chairmanship of Shri B. Sivaraman, conceived and recommended the establishment of the

National Bank for Agriculture and Rural Development (NABARD). It was established on 12 July

1982 by a special act by the parliament and its main focus was to uplift rural India by increasing

the credit flow for elevation of agriculture & rural non-farm sector and completed its 25 years on

12 July 2007. It has been accredited with "matters concerning policy, planning and operations in

the field of credit for agriculture and other economic activities in rural areas in India". RBI sold its

stake in NABARD to the Government of India, which now holds 99% stake.

**Export-Import Bank of India is the premier export finance institution of the country, established

in 1982 under the Export-Import Bank of India Act 1981.

**Export Credit Guarantee Corporation of India Limited (ECGC) is a company wholly owned by

the Government of India based in Mumbai, Maharashtra. It provides export credit insurance

support to Indian exporters and is controlled by the Ministry of Commerce. Government of India

had initially set up Export Risks Insurance Corporation (ERIC) in July 1957. It was transformed

into Export Credit and Guarantee Corporation Limited (ECGC) in 1964 and to Export Credit

Guarantee Corporation of India in 1983. Provides a range of credit risk insurance covers to

exporters against loss in export of goods and services.

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