GK
IMPORTANT ACTS OF THE PARLIAMENT OF INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Small Industries Development Bank of India Act____
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1988
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1989
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1990
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1991
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Explanation:
Detailed explanation-1: -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-2: -Direct Financing: which offers working capital as assistance, term loans foreign currency loans. Indirect Finance: assistance by providing refinance, comprising banks. Micro Finance: which offers small-scale credit loans on immediate bases. More items •23-Aug-2022
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