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Justify the following statement. SIDBI acts as an institute for promotion of MSMEs

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Question

Justify the following statement.

SIDBI acts as an institute for the promotion of MSMEs

Short/Brief Note
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Solution

  1. There are many efforts taken by SIDBI to emerge as a brand which is customer friendly towards MSME’s.
  2. It .facilitates and strengthens credit flow to MSME’s.
  3. It identifies financial and developmental gaps in the MSME’s and takes efforts to resolve the same.
  4. SIDBI has dedicated its resources to the evolution of a vibrant ecosystem. SIDBI has taken Steps for technological upgradation and modernization of existing MSME’S
  5. Thus, we can say that SIDBI acts as an institute for promotion of MSME’s.
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Chapter 6: Institutes Supporting Business - Exercise Q.5 [Page 136]

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Balbharati Organisation of Commerce and Management [English] Standard 11 Maharashtra State Board
Chapter 6 Institutes Supporting Business
Exercise Q.5 | Q 1 | Page 136

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