**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.
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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