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Question
__________ was set up as an apex bank to provide direct/indirect financial assistance under different schemes, to meet credit needs of small business organisations and to coordinate the functions of other institutions in similar activities.
__________ was set up as an apex bank to provide direct/indirect financial assistance under different schemes, to meet credit needs of small business organisations and to coordinate the functions of other institutions in similar activities.
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Solution
The correct option is D SIDBI
- Small Industries Development
Bank of India (SIDBI):
- Set up as an apex bank to provide
direct/indirect financial assistance
under different schemes, to meet
credit needs of small business
organisations.
- To coordinate the functions of
other institutions in similar
activities.
Small Industries Development Bank of India (SIDBI) was set up on 2nd April 1990 under an Act of Indian Parliament. It acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector. It also co-ordinates functions of institutions engaged in similar activities.
- Small Industries Development Bank of India (SIDBI):
- Set up as an apex bank to provide direct/indirect financial assistance under different schemes, to meet credit needs of small business organisations.
- To coordinate the functions of
other institutions in similar
activities.
Small Industries Development Bank of India (SIDBI) was set up on 2nd April 1990 under an Act of Indian Parliament. It acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector. It also co-ordinates functions of institutions engaged in similar activities.
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