GENERAL KNOWLEDGE

Detailed explanation-1: -O/o DC(MSME) was set up in 1954 to serve as the apex and nodal agency for formulation and implementation of policies and programmes for the promotion and development of small scale industries sector and is an attached office under the Ministry of Small Scale Industries. The Development Commissioner (MSME) heads it.

Detailed explanation-2: -Small industries development organization (SIDO) SIDO was established in October 1973 now under Ministry of Trade, Industry and Marketing.

Detailed explanation-3: -When was SIDBI Established? SIDBI was set up on 2nd April 1990. It acts as the Principal Financial Institution for Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector.

Detailed explanation-4: -Small Industries Development Organization (SIDO) is a subordinate office of the Department of SSI & Auxiliary and Rural Industry (ARI). It is an apex body and nodal agency for formulating, coordinating and monitoring the policies and programmes for promotion and development of small-scale industries.

Detailed explanation-5: -Functions of SIDO 1) To estimate the requirements of raw material for the small scale sector and to arrange their supply. 2) To collect data on consumer items which are imported and encourage the setting up of new units by giving them co-ordinated assistance?