Question
Consider the following statements regarding Small
Industries Development Bank of India (SIDBI)- I.The SIDBI (Small Industries Development Bank of India) is a wholly-owned subsidiary of IDBI (Industrial Development Bank of India), established under the special Act of the Parliament 1988 which became operative from April 2, 1992. II.It offers a wide range of finance schemes to the Micro, Small, and Medium Enterprises (MSME) industry & the loan amounts can range from Rs.10 lakh to Rs.25 crore. III.Currently,it plans to float a Rs 10,000-crore rights issue next fiscal to expand its equity capital. Which of the following information is incorrect ?Solution
The SIDBI (Small Industries Development Bank of India) is a wholly-owned subsidiary of IDBI (Industrial Development Bank of India), established under the special Act of the Parliament 1988 which became operative from April 2, 1990.Small Industries Development Bank of India (SIDBI) offers a wide range of finance schemes to the Micro, Small, and Medium Enterprises (MSME) industry. Loan amounts can range from Rs.10 lakh to Rs.25 crore. Small Industries Development Bank of India (SIDBI), which refinances SME loans, plans to float a Rs 10,000-crore rights issue next fiscal to expand its equity capital as it expects to grow assets to Rs 5 lakh crore by March 2024 from about Rs 4 lakh crore in March 2023.
The newly launched National Agri-Food Biomanufacturing Institute in Mohali is a merger of which two institutes?
According to the recently released NSeDA report 2021, Which state is the leading state among North East and Hill states Category?
OICA, the international automotive organization, was founded in which year?
Recently who was appointed as the new CEO of NITI Ayog?
In what year was the Bombay Plan, advocating for economic planning in India, put forward?
Which bank has collaborated with fintech company OPEN to launch a digital current account for its customers?Â
In which year was the Indo-Tibetan Border Police (ITBP) founded?
Which new category has been introduced under the Pradhan Mantri Mudra Yojana to cover loans between ₹10 lakh and ₹20 lakh?
Who has been appointed as Punjab National Bank’s first-ever female brand ambassador?
Which Indian state is home to Keenan Stadium?
