Small Industries Development Bank of India is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises. It is the Principal Financial Institution set up in April 1990 under an Act of Parliament for promotion, financing and development of MSME sector in India. SIDBI supports enterprise development, skill up-gradation, marketing support, cluster development, technology modernisation, etc., in the MSME sector through its promotional and developmental support to MSMEs.