Question
Which among the following is not an associate or
subsidiary company of SIDBI?Solution
SIDBI has promoted and holds associations with several subsidiaries and joint ventures to strengthen the MSME ecosystem. • MUDRA Ltd was set up as a subsidiary to refinance micro-finance institutions and promote micro-enterprises. • RXIL Ltd (Receivables Exchange of India Ltd) is a Trade Receivables Discounting System (TReDS) platform promoted jointly by SIDBI and NSE. • SIDBI Venture Capital Ltd (SVCL) is a SIDBI subsidiary that manages venture capital funds supporting innovative MSMEs. • Acuite Ratings & Research Ltd, a credit rating agency, is also associated with SIDBI.
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