Economics · Financial Institutions
Which of the following statements is INCORRECT regarding the functions of SIDBI (Small Industries Development Bank of India)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It refinances loans extended by Primary Lending Institutions to MSMEs.
- 2It discounts and rediscounts bills of trade.
- 3It provides factoring and leasing services to MSMEs.
- 4It strictly refrains from co-promoting state-level venture capital funds.✓
Correct answer
It strictly refrains from co-promoting state-level venture capital funds.
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