CURRENT AFFAIRS

2020

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

CRIF India partners with whom to introduce sector-based insight reports called ‘Industry Spotlight’?

A	SBI
B	RBI
C	SEBI
D	SIDBI

Explanation:

Detailed explanation-1: -SIDBI and CRIF India collaborate to introduce ‘Industry Spotlight’ - Small Industries Development Bank of India.

Detailed explanation-2: -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-3: -In line with Shri UK Sinha committee recommendations, SIDBI has set up SIDBI Cluster Development Fund (SCDF) with support from RBI.

Detailed explanation-4: -Besides focussing on the development of the Micro, Small and Medium Enterprise sector, SIDBI also promotes cleaner production and energy efficiency. SIDBI helps MSMEs in acquiring the funds they require to grow, market, develop and commercialize their technologies and innovative products.

There is 1 question to complete.