Explanation:

SIDBI has floated several other entities for related activities, including:

SIDBI Venture Capital Limited (SVCL) - for providing Venture Capital (VC) assistance to MSMEs;
Micro Units Development & Refinance Agency (MUDRA) - for ‘funding the unfunded’ micro enterprises in the country;
Receivable Exchange of India Ltd. (RXIL) to enable faster realisation of receivables by MSMEs;
SMERA Ratings Limited (SMERA) - for credit rating of MSMEs, renamed as Acuite Ratings & Research Limited;
India SME Technology Services Ltd (ISTSL) - for technology advisory and consultancy services and
India SME Asset Reconstruction Company Ltd. (ISARC) for speedier resolution of Non-Performing Assets (NPA) in the MSME sector.
SIDBI supports the Government of India in its initiatives and work as a nodal agency for some of the schemes related to development of MSMEs, such as Make in India and Startup India.