SIDBI was established in 1990 as a subsidiary of IDBI but later became an independent entity. Its core mandate is to provide finance and support for the development of the Micro, Small, and Medium Enterprises (MSME) sector.
Which of the following banks operates mainly in relation to small industries ?
Asked in UPPSC Upper Mains 2012 · Topic: Money & Banking (Cooperative Banks and Development Financial Institutions (DFIs))
More Economic Development questions
- Industrial Finance Corporation of India works as:
- As on March 2012, the number of Urban Co-operative Banks in India was :
- NABARD came into existence in the year
- Long-term agricultural credit is provided by
- The Government of India has recently acquired the RBI's stake in
- Consider the following financial institution of India: 1. Industrial Finance Corporation of India (IFCI) 2. Industrial Credit and Investment Corporation of India (ICICI) 3. Industrial Development Bank of India (IDBI) 4. National Bank for Agriculture and Rural Development (NABARD) The correct chronological sequence of the establishment of these institutions is
- It was the first development financial institution in India. 2. Industrial Credit and Investment Corporation of India (ICICI): Incorporated in 1955.
- When was the NABARD established ?