Question
Consider the following statement/s about Small
Industries Development Bank of India (SIDBI): 1. It is the principal financial institution for promotion, financing, and development MSME sector in India. 2. It was established on April 2, 1990, through an Act of Parliament. 3. The headquarters of the SIDBI is located in Mumbai, Maharashtra. Which of the above statement/s is/are correct?Solution
SIDBI is the principal development financial institution for promotion, financing, and development of Micro, Small, and Medium Enterprises (MSME) sector in India. It was established on April 2, 1990, through an Act of Parliament. The headquarters of the SIDBI is located in Lucknow, Uttar Pradesh.
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