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Which development bank facilitates entrepreneurship development in India?
- a)Small Industries Development Bank of India (SIDBI)
- b)National Bank for Agriculture and Rural Development (NABARD)
- c)Industrial Investment Bank of India (IIBI)
- d)Export-Import Bank of India (EXIM Bank)
Correct answer is option 'A'. Can you explain this answer?
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Which development bank facilitates entrepreneurship development in Ind...
The Small Industries Development Bank of India (SIDBI) facilitates entrepreneurship development in India. It provides training and financial assistance to small-scale industries (SSI) units, helping them develop leadership and business management skills.
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Which development bank facilitates entrepreneurship development in Ind...
Introduction to SIDBI
The Small Industries Development Bank of India (SIDBI) is a pivotal institution for promoting and facilitating entrepreneurship development in India. Established in 1990, its primary focus is on the growth and development of small-scale and medium-sized enterprises (SMEs).
Key Functions of SIDBI
- Financial Support:
- SIDBI provides direct and indirect financial assistance to small-scale industries through various schemes and programs.
- Entrepreneurship Development Programs:
- The bank organizes training and awareness programs aimed at enhancing entrepreneurial skills among potential business owners.
- Promotion of Innovation:
- SIDBI encourages innovation and technology upgradation in small enterprises to boost their competitiveness.
- Support for Startups:
- It has specific initiatives designed to support startups through funding and mentorship.
Collaboration with Other Institutions
- Partnerships:
- SIDBI collaborates with various government bodies, financial institutions, and NGOs to strengthen the ecosystem for small businesses.
- Policy Formulation:
- The bank plays an advisory role in shaping policies related to small industries, ensuring that the needs of entrepreneurs are addressed.
Conclusion
In summary, SIDBI is a cornerstone of entrepreneurship development in India, providing essential financial and non-financial support to empower small and medium enterprises. Its multifaceted approach not only fosters business growth but also contributes significantly to the overall economic development of the country.
The Small Industries Development Bank of India (SIDBI) is a pivotal institution for promoting and facilitating entrepreneurship development in India. Established in 1990, its primary focus is on the growth and development of small-scale and medium-sized enterprises (SMEs).
Key Functions of SIDBI
- Financial Support:
- SIDBI provides direct and indirect financial assistance to small-scale industries through various schemes and programs.
- Entrepreneurship Development Programs:
- The bank organizes training and awareness programs aimed at enhancing entrepreneurial skills among potential business owners.
- Promotion of Innovation:
- SIDBI encourages innovation and technology upgradation in small enterprises to boost their competitiveness.
- Support for Startups:
- It has specific initiatives designed to support startups through funding and mentorship.
Collaboration with Other Institutions
- Partnerships:
- SIDBI collaborates with various government bodies, financial institutions, and NGOs to strengthen the ecosystem for small businesses.
- Policy Formulation:
- The bank plays an advisory role in shaping policies related to small industries, ensuring that the needs of entrepreneurs are addressed.
Conclusion
In summary, SIDBI is a cornerstone of entrepreneurship development in India, providing essential financial and non-financial support to empower small and medium enterprises. Its multifaceted approach not only fosters business growth but also contributes significantly to the overall economic development of the country.
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Which development bank facilitates entrepreneurship development in India?a)Small Industries Development Bank of India (SIDBI)b)National Bank for Agriculture and Rural Development (NABARD)c)Industrial Investment Bank of India (IIBI)d)Export-Import Bank of India (EXIM Bank)Correct answer is option 'A'. Can you explain this answer?
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Which development bank facilitates entrepreneurship development in India?a)Small Industries Development Bank of India (SIDBI)b)National Bank for Agriculture and Rural Development (NABARD)c)Industrial Investment Bank of India (IIBI)d)Export-Import Bank of India (EXIM Bank)Correct answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which development bank facilitates entrepreneurship development in India?a)Small Industries Development Bank of India (SIDBI)b)National Bank for Agriculture and Rural Development (NABARD)c)Industrial Investment Bank of India (IIBI)d)Export-Import Bank of India (EXIM Bank)Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which development bank facilitates entrepreneurship development in India?a)Small Industries Development Bank of India (SIDBI)b)National Bank for Agriculture and Rural Development (NABARD)c)Industrial Investment Bank of India (IIBI)d)Export-Import Bank of India (EXIM Bank)Correct answer is option 'A'. Can you explain this answer?.
Which development bank facilitates entrepreneurship development in India?a)Small Industries Development Bank of India (SIDBI)b)National Bank for Agriculture and Rural Development (NABARD)c)Industrial Investment Bank of India (IIBI)d)Export-Import Bank of India (EXIM Bank)Correct answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which development bank facilitates entrepreneurship development in India?a)Small Industries Development Bank of India (SIDBI)b)National Bank for Agriculture and Rural Development (NABARD)c)Industrial Investment Bank of India (IIBI)d)Export-Import Bank of India (EXIM Bank)Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which development bank facilitates entrepreneurship development in India?a)Small Industries Development Bank of India (SIDBI)b)National Bank for Agriculture and Rural Development (NABARD)c)Industrial Investment Bank of India (IIBI)d)Export-Import Bank of India (EXIM Bank)Correct answer is option 'A'. Can you explain this answer?.
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