Question

Which of the following is a function of Small Industries Investment Bank (SIDBI) towards micro, small, and medium enterprises?

• A. Providing high interest on investments
• B. Providing tax incentives and financial concessions
• C. Providing only financial concessions
• D. Providing only tax incentives

Answer 1

The correct option is B Providing tax incentives and financial concessions

The Small Industries Development Bank or SIDBI was set up in 1990 to provide financial assistance to small-scale and cottage industries. It is the principal institution for providing financial aid at low rates of interest to micro, small, and medium enterprises. These industries are also exclusively provided with tax incentives and financial concessions.