Which financial institution has approved to provide assistance to set up units in Uttar Pradesh Defe...........

Current GK ( Master) Banking Awareness

Which financial institution has approved to provide assistance to set up units in Uttar Pradesh Defence Industrial Corridor?

SIDBI

RBI

NABARD

Industrial Finance Corporation of India (IFCI)

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Explanation:

Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) signed an MOU with three nationalised banks and Small Industries Development Bank of India (SIDBI) for providing financial assistance to investors willing to set up units in the Defence Industrial Corridor. The State Bank of India, Bank of Baroda and Punjab National Bank are the three banks, which would provide financial assistance to investors in six nodes of the Defence Corridor.