ENTREPRENEURSHIP

INNOVATION AND CREATIVITY

INNOVATION IN ENTREPRENEURSHIP

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

Which of these DFI was primarily set up for the development of the Micro, Small and Medium Enterprise (MSME) sector?

A	SIDBI
B	NABARAD
C	IDBI
D	IFCI

Explanation:

Detailed explanation-1: -SIDBI is the principal development financial institution for the promotion, financing, and development of the Micro, Small, and Medium Enterprises (MSME) sector in India. Hence, Option 3 is correct.

Detailed explanation-2: -SIDBI is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector.

Detailed explanation-3: -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: -The National Small Industries Corporation Ltd. (NSIC) is an ISO 9001-2015 certified Government of India Enterprise under Ministry of Micro, Small and Medium Enterprises (MSME). NSIC has been working to promote aid and foster the growth of micro, small and medium enterprises in the country.

Detailed explanation-5: -SIDBI is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector.

There is 1 question to complete.