BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Small Industries Development Bank of India (SIDBI) had launched a National Level Entrepreneurship Awareness Campaign. What is the name of the campaign?

A	Micro Credit Scheme
B	Udyam Nidhi
C	Udyam Abhilasha
D	Udyami Mitra

Explanation:

Detailed explanation-1: -The correct answer is SIDBI. Udyam Abhilasha is a Transforming national level entrepreneurship awareness campaign for progress in Terms of certain development parameters.

Detailed explanation-2: -Developmental efforts: SIDBI is an accredited agency of Green Climate Fund and is poised to channelize funds for fostering green investments by itself, through its partners as also render project management support to other institutions desirous of complementing the climate change agenda.

Detailed explanation-3: -Role of SIDBI SIDBI is mandated to serve as the Principal Financial Institution for executing the triple agenda of promotion, financing and development of the MSME sector and coordination of the functions of the various Institutions engaged in similar activities.

Detailed explanation-4: -SIDBI assists MSMEs in obtaining the funds they need to expand, market, develop, and commercialise their innovative technologies and products. The bank offers several schemes as well as financial services and products to meet the needs of individuals in various businesses.

There is 1 question to complete.