State Industrial Development Corporations (SIDCOs): 

1. The Industrial Development Corporations have been set up by the state governments and they are wholly owned by them. 

2. These institutions are not merely financing agencies; they are entrusted with the responsibility of accelerating the industrialization of their states.

SIDCO (Small Industrial Development Corporation):

1. SIDCOs provide financial assistance to industrial concerns by way of loans guarantees and underwriting of or direct subscriptions to shares and debentures. 

2. In addition to these, they undertake various promotional activities, such as conducting technoeconomic surveys, project identification, preparation of feasibility studies and selection and training of entrepreneurs. 

3. They also promote joint sector projects in association with private promoter in such type of projects.

4. SIDCOs take 26 percent, private co-promoter takes 25 percent of the equity, and the rest is offered to the investing public. 

5. SIDCOs undertake the development of industrial areas by providing all infrastructural facilities and initiation of new growth centers. 

6. They also administer various State government incentive schemes. 

7. SIDCOs get refinance facilities form IDBI. 

8. They also borrow through bonds and accept deposits.