On this page, We are going to learn about the full form of SIDO and the meaning of SIDO, As well as the meaning, definition, and acronym for SIDO in different categories. So you should read this post till the end.
Full Form of SIDO: Small Industries Development Organisation
SIDO Stands for Small Industries Development Organisation. SIDO is an agency under the Ministry of Micro Small and Medium Enterprises (MSMEs) Government of India.
SIDO is responsible for providing technical assistance and financing to the small-scale industries in the country so that they can upgrade their technology and become competitive in the global market.
It was established in 1985 to promote the growth of small-scale enterprises and provide them with credit and technical assistance.
What are the functions of SIDO?
- The main objective of SIDO is to provide financial and technical assistance to MSMEs so that they can grow and expand their businesses.
- It promotion and development of small-scale industries in India.
- The primary objective of SIDO is to ensure that small-scale industries with a minimum threshold of Rs. 1 crore in investment are promoted in the country and their existing units are provided all the necessary support to realize their full potential.
- The SIDO provides assistance to new and start-up units by offering them loans and grants and also provides training to help units improve productivity.