Question

Select the correct option from the options given below and rewrite the sentences.

SIDBI is ________ source of finance for small business

(a) Traditional
(b) Institutional
(c) Non institutional

Answer 1

SIDBI is institutional source of finance for small business.

Explanation:
Small Industries Development Bank of India (SIDBI) was set up in 1989 as the principal financial institution to provide direct and indirect financial assistance under different schemes. It caters to the credit and financial requirements of small-scale enterprises.
The correct option is B.