Question : Which of the following institutions provides credit for small and medium enterprises in India?
Option 1: Reserve Bank of India (RBI)
Option 2: National Bank for Agriculture and Rural Development (NABARD)
Option 3: Small Industries Development Bank of India (SIDBI)
Option 4: None of the above
Correct Answer: Small Industries Development Bank of India (SIDBI)
Solution : c). Small Industries Development Bank of India (SIDBI)
The correct answer is c). Small Industries Development Bank of India (SIDBI). SIDBI is a specialized financial institution in India that focuses on providing credit and financial support to small and medium enterprises (SMEs). It offers various loan products, credit facilities, and developmental services to assist SMEs in their growth and development. SIDBI plays a crucial role in promoting entrepreneurship and supporting the MSME (Micro, Small, and Medium Enterprises) sector in India. The Reserve Bank of India (RBI) is the central bank of India, responsible for monetary policy and overall regulation of the banking system. The National Bank for Agriculture and Rural Development (NABARD) primarily provides credit and financial support for agriculture and rural development.
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