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    Question

    The Ministry of Micro, Small and Medium Enterprises

    (MSME) has announced "Interest Subvention Scheme for MSMEs". ___________ is the single national level nodal implementation agency for the scheme.  
    A RBI Correct Answer Incorrect Answer
    B NABARD Correct Answer Incorrect Answer
    C SEBI Correct Answer Incorrect Answer
    D SIDBI Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Ministry of Micro, Small and Medium Enterprises (MSME) announced "Interest Subvention Scheme for MSMEs". Small Industries Development Bank of India (SIDBI) is the single national level nodal implementation agency for the scheme. The Scheme aims at encouraging both manufacturing and service enterprises to increase productivity and provides incentives to MSMEs for onboarding on GST platform which helps in formalization of economy, while reducing the cost of credit.             

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