<P> Credit Guarantee Fund Trust for Micro and Small Enterprises popularly known as CGTMSE is widely being used by many PSU Banks and Private sector banks to fund MSME sector . During the year 2002 - 03 the aggregate sanction and disbursements of SIDBI amounted to ₹ 10,904 crore and ₹ 6,789 crore respectively . SIDBI has been permitted to raise finances up to ₹ 2,730 crore the year 2013 onward by the Reserve Bank of India . </P> <P> The business domain of SIDBI consists of Micro, Small and Medium Enterprises (MSMEs), which contribute significantly to the national economy in terms of production, employment and exports . MSME sector is an important pillar of Indian economy as it contributes greatly to the growth of Indian economy with a vast network of around 3 crore units, creating employment of about 7 crore, manufacturing more than 6,000 products, contributing about 45% to manufacturing output and about 40% of exports, directly and indirectly . In addition, SIDBI's assistance also flows to the service sector including transport, health care, tourism sectors etc . </P> <P> SIDBI Among Top 30 Development Banks of the World </P> <P> SIDBI retained its position in the top 30 Development Banks of the World in the ranking of The Banker, London . As per the May 2001 issue of The Banker, London, SIDBI ranked 25th both in terms of Capital and Assets . </P>

Role of sidbi in development of small scale industries