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Consider the following statements about Small Industries Development Bank of India (SIDBI) –
1. It is an independent financial institution aimed to aid the growth and development of micro, small and medium-scale enterprises in India.
2. SIDBI along with central government has established Credit Guarantee Fund Trust for Micro and Small Enterprises.
Which of the statement given above is / are correct?
1 only
2 only
Both 1 & 2
Neither 1 nor 2
SIDBI along with central government has established Credit Guarantee Fund Trust for Micro and Small Enterprises which provides guarantees to banks for collateral-free loans extended to SME sector. SIDBI headquarter is in Lucknow.
By: Vishal ProfileResourcesReport error
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