Tag: privileges and other promotional measures for msmes

Quizzes (0) Questions (46)

Questions Related to privileges and other promotional measures for msmes

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

Major activity(ies) of SIDBI is/are __________.

  1. Refinancing loans

  2. Extension of seed capital

  3. Development of industrial areas

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Major Activities of SIDBI
  • SIDBI refinances loans extended by the primary lending institutions to small scale industrial units, and also provides resources support to them.
  • SIDBI discounts and rediscounts bills arising from sale of machinery to or manufactured by industrial units in the small scale sector.
  • To expand the channels for marketing the products of Small Scale Industries (SSI) sector in domestic and international markets.
  • It provides services like leasing, factoring etc. to industrial concerns in the small scale sector.
  • To promote employment oriented industries especially in semi-urban areas to create more employment opportunities and thereby checking migration of people to urban areas.
  • To initiate steps for technological up-gradation and modernisation of existing units.
  • SIDBI facilitates timely flow of credit for both term loans and working capital to SSI in collaboration with commercial banks.
Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

SIDBI is a subsidiary of ____________.

  1. IDBI

  2. Union Bank

  3. RBI

  4. NABARD
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The SIDBI (Small Industries Development Bank of India) is a wholly owned subsidiary of IDBI (Industrial Development Bank of India). It is established under the Special Act of the Parliament 1988 that became operative since April 2, 1990.

Responsibility of administering Small Industries Development Fund and National Equity Fund that were earlier administered by IDBI were transferred to SIDBI. It is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector.

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

SIDBI Start-Up Mitra is the digital initiative that facilitates the entrepreneurs to engage with incubators, investors, mentors etc.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

True

SIDBI Startup Mitra
SIDBI Start-Up Mitra is a digital initiative that address gaps in the start-up ecosystem. The portal was launched by the Hon’ble President of India on March 17th, 2016. It acts as a virtual platform to bring together all stakeholders, start-up entrepreneurs, incubators, investors (Angel networks / Venture Capital Funds), industry bodies, mentors /advisors and banks to meet the financing and developmental needs of the early stage start-ups and enterprises

The portal also facilitates entrepreneurs to engage with incubators, investors, mentors and spreads awareness about the government schemes for start-ups in India by becoming the knowledge partner for State and Central Governments. The portal is supported by the Department of Science and Technology [DST], Govt. of India and currently boasts of more than 10,245 start-ups, 118 incubators and 90 investors as registered members on the platform

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

The Scheme launched for Technology up-gradation of Micro and Small Enterprises is ________.

  1. Credit Linked Capital Subsidy Scheme

  2. Deendayal Antyodaya Yojana

  3. Dairy Entrepreneurship Development Scheme

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
 The Ministry of Small Scale Industries (SSI) is operating a scheme for technology upgradation of Small Scale Industries (SSI) called the Credit Linked Capital Subsidy Scheme (CLCSS). The Scheme aims at facilitating technology upgradation by providing upfront capital subsidy to SSI units, including tiny, khadi, village and coir industrial units, on institutional finance (credit) availed of by them for modernisation of their production equipment (plant and machinery) and techniques. 
Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

Headquarters of NABARD is located at _______.

  1. Kolkata

  2. Mumbai

  3. Delhi

  4. Chennai
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

National Bank for Agriculture and Rural Development (NABARD) is an apex development financial institution in India, headquartered at Mumbai with regional offices all over India.The Bank has been entrusted with "matters concerning policy, planning and operations in the field of credit for agriculture and other economic activities in rural areas in India".

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

Identify the fund set up by SIDBI with a vision to promote and accelerate equity and equity-linked investments in start-ups and MSMEs.

  1. India Aspiration Fund

  2. Aspire Fund

  3. SIDBI Start-Up Mitra

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
India Aspiration Fund
India Aspiration Fund set up SIDBI with the support of RBI pursuant to a budget announcement is an INR2000 crore fund introduced by SIDBI with a vision to promote and accelerate equity and equity linked investments in Start-ups and MSMEs. IAF contributes to the corpus of SEBI registered Alternative Investment Funds (AIFs), with sector agnostic investments specifically involving MSMEs as key strategic investment sectors.
Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

Biofertilisers and biopesticides production Units can benefit from the _______ scheme. 

  1. Dairy Entrepreneurship Development Scheme

  2. Agricultural and Marketing Infrastructure, Grading and Standardization

  3. Capital Investment Subsidy Scheme for Commercial Production Units for organic/ biological Inputs

  4. Agriclinic and Agribusiness Centres Scheme
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
CAPITAL INVESTMENT SUBSIDY SCHEME FOR COMMERCIAL PRODUCTION UNITS FOR ORGANIC/ BIOLOGICAL INPUTS
The increasing and indiscriminate use of synthetic fertilizers and pesticides and deteriorating soil health and productivity is concerning people all over the world. Growing awareness for safe and healthy food has underlined the importance of organic farming, which is a holistic system based on the basic principle of minimizing the use of external inputs and avoiding the use of synthetic fertilizers and pesticides. 
Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

NABARD acts as a coordinator in the operation of rural credit institutions.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

True

NABARD was set up as an apex Development Bank with a mandate for facilitating
credit flow to agriculture, small-scale industries, cottage and village industries,
handicrafts and other rural crafts. It also plays a vital role in supporting all other
allied economic activities in rural areas. Its operations include :
• Providing refinance to lending institutions in rural areas
• Promoting institutional development
• Evaluating, monitoring and inspecting the client banks
• Acts as a coordinator in the operations of rural credit institutions
• Extends assistance to the government, the Reserve Bank of India and other
organizations in matters relating to rural development
• Offers training and research facilities for banks, cooperatives and
organizations working in the field of rural development
• Helps the state governments in reaching their targets of providing assistance
to eligible institutions in agriculture and rural development
• Acts as regulator for cooperative banks and RRBs 

Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

Which of the following is/are the role of NABARD?

  1. Providing re-finance to leading institutions in the rural area

  2. Bringing about institutional developments

  3. Monitoring and inspecting client banks

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Role of NABARD:

1. It is an apex institution which has power to deal with all matters concerning policy, planning as well as operations in giving credit for agriculture and other economic activities in the rural areas.

2. It is a refinancing agency for those institutions that provide investment and production credit for promoting the several developmental programs for rural development.

3. It is improving the absorptive capacity of the credit delivery system in India, including monitoring, formulation of rehabilitation schemes, restructuring of credit institutions, and training of personnel.

4. It co-ordinates the rural credit financing activities of all sorts of institutions engaged in developmental work at the field level while maintaining liaison with Government of India, and State Governments, and also RBI and other national level institutions that are concerned with policy formulation.

5. It prepares rural credit plans, annually, for all districts in the country.

6. It also promotes research in rural banking, and the field of agriculture and rural development.
Multiple choice organisation of commerce and management micro, medium and small enterprises (msmes) nabard and kvic funding and assistance to small businesses privileges and other promotional measures for msmes world bank

NABARD was established by an Act of Parliament.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

True

NABARD was established on the recommendations of B.Sivaraman Committee, (by Act 61, 1981 of Parliament) on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It replaced the Agricultural Credit Department  and Rural Planning and Credit Cell of Reserve Bank of India, and Agricultural Refinance and Development Corporation. It is one of the premier agencies providing developmental credit in rural areas. NABARD is India's specialised bank for Agriculture and Rural Development in India.