SIDBI was established in 1989 to promote and finance small industries in India. It provides financial services like loans, refinancing, and technology upgrades to MSMEs. SIDBI also coordinates with other institutions involved in MSME development. Its vision is to be a single window for meeting MSME financial and development needs. SIDBI launched the Make in India Soft Loan Fund to facilitate investment in 25 priority sectors and help existing MSMEs expand through access to competitive financing. Eligible enterprises include all MSMEs as defined by Indian law, with an emphasis on new and smaller manufacturing and service businesses.