Question
Distinguish between ICICI and SIDBI.

Answer

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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