INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SIDBI
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NSIC
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RSBDC
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None of the above
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Detailed explanation-1: -Small Industries Development Bank of India (SIDBI) was set up on 2nd April 1990 under an Act of Indian Parliament. It acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector.
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: -Small Industries Development Bank of India (SIDBI): Set up as an apex bank to provide direct/indirect financial assistance under different schemes, to meet credit needs of small business organisations.
Detailed explanation-4: -The RBI is the apex bank of India and it is also known as the Central Bank. The RBI controls and regulates the entire banking system and money supply of the country.
Detailed explanation-5: -SIDBI is an Apex Development Institution for the Micro, Small and Medium Enterprises (MSMEs).