The Bank is a government undertaking non-deposit taking CSI Bank, established as a dedicated State-Owned Enterprise (SOE) to promote the growth of Cottage and small industries in the country. The core mandate of the Bank will be to enhance access to financing and diversify the economic growth through promotion of cottage and small enterprises. The Bank will also have the provisions to support the export and overseas employment financing. The Bank is expected to narrow the gap in availing financial support for start-ups and entrepreneurs, which otherwise faces difficulty in availing loans from other commercial Banks in lieu of collaterals.