Economics · Indian Economy
What is the core function of the Small Industries Development Bank of India (SIDBI)?
- 1To manage foreign exchange reserves and international trade credit facilities
- 2To act as the principal regulatory body for urban housing finance
- 3To promote, finance, and develop the Micro, Small, and Medium Enterprises (MSME) sector✓
- 4To provide direct credit and re-finance exclusively for agricultural activities
Correct answer
To promote, finance, and develop the Micro, Small, and Medium Enterprises (MSME) sector
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