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Which financial institution is responsible for promoting and supporting small industries in India?
  • a)
    Industrial Development Bank of India (IDBI).
  • b)
    Life Insurance Corporation of India (LIC).
  • c)
    National Small Industries Corporation (NSIC).
  • d)
    State Financial Development Corporation (SFDC).
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which financial institution is responsible for promoting and supportin...
The National Small Industries Corporation (NSIC) is the financial institution responsible for promoting and supporting small industries in India. It provides various services and financial assistance to help small businesses thrive and contribute to the economy.
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Which financial institution is responsible for promoting and supporting small industries in India?a)Industrial Development Bank of India (IDBI).b)Life Insurance Corporation of India (LIC).c)National Small Industries Corporation (NSIC).d)State Financial Development Corporation (SFDC).Correct answer is option 'C'. Can you explain this answer?
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