|Which of the following activities would Small Industries Development Bank of India (SIDBI) undertake under the new rural industrialization programme?|
|(1) Consultation in erecting the project|
|(2) Providing marketing assistance and refinance facilities at later stage|
|(3) Running the project during initial stage|
A) Only 1 and 2
B) Only 2 and 3
C) Only 2
D) Only 1
Correct Answer: A
Solution :[a] Small Industries Development Bank of India is a non-independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises (MSME) in India. Set up on April 2, 1990 through an act of parliament, it was incorporated initially as a wholly owned subsidiary of Industrial Development Bank of India. Beginning as a refinancing agency to banks and state level financial institutions for their credit to small industries, it has expanded its activities, including direct credit to the SME through 100 branches in all major industrial clusters in India. Besides, it has been playing the development role in several ways such as support to micro-finance institutions for capacity building and on lending.
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