1
Question
The SIDBI is a wholly owned subsidiary of the _________.
The SIDBI is a wholly owned subsidiary of the _________.
Open in App
Solution
The correct option is C IDBI
The SIDBI (Small Industries Development Bank of India) is a wholly-owned subsidiary of IDBI (Industrial Development Bank of India), established under the special Act of the Parliament 1988 which became operative on April 2, 1990. SIDBI was made responsible for administering Small Industries Development Fund and National Equity Fund that was administered by IDBI before. SIDBI is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector.Hence, option (C) is the correct answer.
The SIDBI (Small Industries Development Bank of India) is a wholly-owned subsidiary of IDBI (Industrial Development Bank of India), established under the special Act of the Parliament 1988 which became operative on April 2, 1990. SIDBI was made responsible for administering Small Industries Development Fund and National Equity Fund that was administered by IDBI before. SIDBI is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector.
Hence, option (C) is the correct answer.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
