Question
Distinguish between ICICI and SIDBI.
| S.No | ICICI | SIDBI |
| 1. | To assist in the formation, expansion and modernization of industrial units in the private sector. | The financial assistance of SIDBI to the small scale sector is channelised through the following two routes: (i) Indirect assistance. (ii) Direct assistance. |
| 2. | To stimulate and promote the participation of private capital (both Indian and foreign) in such industrial units. | To stimulate and promote the participation of private capital (Indian) in such industrial units. |
| 3. | To furnish technical and managerial aid so as to increase production and expand employment opportunities. (i) It provides medium and long-term loans in Indian and foreign currency for importing capital equipment and technical services. Loans sanctioned generally go towards purchase of fixed assets like land, building and machinery. |
SIDBI has taken over the responsibility of administering following two funds which were previously administered by IDBI i.e.: (i) Small Industries Development Fund. (ii) Small Industries Development Assistance Fund. |
| 4. | ICICI is a public sector institution. | SIDBI is a private sector institution. |
| 5. | No such special financial assistance for women entrepreneur. | Extends seed capital/ loan assistance under the National Equity Fund Mahila Udyan Nidhi and Mahila Vikas Nidhi and seed capital scheme through specified lending agencies. |
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