Question
Which of the following Statements about SIDBI is/are
True? I- SIDBI comes under the MSME Ministry II- It has only one office at Mumbai III- SIDBI is one of the four All India Financial Institutions regulated and supervised by the Reserve Bank of India.Solution
Small Industries Development Bank of India (SIDBI) is the apex regulatory body in India for overall regulation and licensing of microfinance institutions in India. It is under the jurisdiction of Ministry of Finance, Government of India headquartered at Lucknow and having its offices all over the country. Its purpose is to provide refinance facilities and short-term lending to industries, and serves as the principal financial institution in the Micro, Small and Medium Enterprises (MSME) sector. SIDBI is one of the four All India Financial Institutions regulated and supervised by the Reserve Bank of India; other three are India Exim Bank, NABARD and NHB.
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