Question : Which of the following is a function of the Small Industries Development Bank of India (SIDBI)?
Option 1: Providing credit facilities to small industries
Option 2: Regulating the securities market
Option 3: Regulating the functioning of commercial banks
Option 4: None of the above
Correct Answer: Providing credit facilities to small industries
Solution : The correct answer is (a) Providing credit facilities to small industries
The Small Industries Development Bank of India (SIDBI) is a financial institution in India that primarily focuses on providing financial and developmental support to small-scale industries. Its main function is to provide credit facilities, including loans, to small industries to meet their financial requirements for growth and expansion. SIDBI plays a crucial role in promoting and financing the development of small businesses in India.
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