Multiple choice

Which amongst the following organizations has tied up with 12 commercial banks to set up small enterprises financial corporations?

  1. ECGC

  2. SIDBI

  3. NABARD

  4. UTI Bank

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

SIDBI (Small Industries Development Bank of India) was established to promote small-scale industries. It partners with commercial banks to provide financial assistance to small businesses through various schemes and corpus funds. SIDBI acts as the principal financial institution for the MSME sector.

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