SIDICO was incorporated on 13th March 1977 under the Registration of Companies Act, Sikkim, 1961 as a State Level Financial Institution engaged in promotion, financing and development of industries in tiny, cottage and small sector in the state of Sikkim.
Know more >The Govt. of Sikkim has introduced Comprehensive Educational Loan for granting loan to students of Sikkim desiring to pursue their higher studies within India and abroad w.e.f July 2007. SIDICO is the Nodal Agency for implementation of this scheme. Loan processing fee @ 0.5% shall be charged on the sanctioned amount.
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A meritorious local candidate / student who succeeds in getting admission through competitive entrance exam to the world’s top twenty universities for higher studies in any discipline shall be eligible for the Chief Minister’s Free Scholarship. A certificate to this effect will have to be produced by the candidate.
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