Question
Consider the following statements about the Small
Industries Development Bank of India? I. It is the regulatory body for micro, small and medium enterprise finance companies in India.. II. It was established in2 April 1990 . III. It is headquartered at Kanpur. Which of the following statements is/are incorrect?Solution
Small Industries Development Bank of India (SIDBI) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India. It is under the jurisdiction of the Ministry of Finance and headquartered at Lucknow. It was established on 2 April 1990, through an Act of Parliament.
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