Question

What unique role does the Small Industries Development Bank of India (SIDBI) play in the growth of SMEs?

• A. Regulating the pharmaceutical industry
• B. Facilitating access to finance for small and medium enterprises
• C. Granting educational loans
• D. Providing direct funding to agricultural projects

Answer 1

Answer:

B. Facilitating access to finance for small and medium enterprises

The SIDBI assists MSMEs in the country in acquiring funds that they would need to grow, market, commercialize, and develop innovative products. The bank provides several schemes and also offers financial services and products for meeting the individual's requirement of various businesses