Small Industries Development Bank of India (SIDBI) is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises in India. Who is present Chairman & Managing Director (CMD) of SIDBI?

BANKING GENERAL KNOWLEDGE

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

A	Pankaj Jain
B	Mohammad Mustafa
C	Dr Kshatrapati Shivaji
D	J Chandrasekaran

Explanation:

Detailed explanation-1: -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-2: -The correct answer is Small Industries Development Bank of India. It was set up in 1990 with the mission of empowering the Micro, Small, and Medium Enterprises (MSME) sector to contribute and balance regional financial institutions responsible for the promotion, financing, and development of the section.

Detailed explanation-3: -SIDBI was established with the mission of facilitating and strengthening the flow of credit to Micro, Small and Medium Enterprises and for addressing the developmental and financial gaps in the ecosystem of MSMEs. It is a statutory body set up under an act of the Indian Parliament in 1990.

Detailed explanation-4: -SIDBI is the Principal Financial Institution engaged in promotion, financing & development of the Micro, Small and Medium Enterprises (MSMEs) sector and coordination of the functions of the various institutions engaged in similar activities.

There is 1 question to complete.