General Knowledge : Banking Awareness : Discussion


Q.

In India, Microfinance development and Equity fund is maintained by-

A. Small industries development Bank of India(SIDBI).
B. RBI(Reserve bank of India).
C. Nabard(National bank for Agriculture and rural development).
D. CII(Confederation of industries in India).

Answer: Option A

Explanation:

Small Industries Development Bank of India (SIDBI) set up on April 2, 1990. It is headquartered at Lucknow, Uttar Pradesh, India. SIDBI is playing the role for the growth and development of Micro, Small and Medium Enterprises (MSME).


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