Question

2.Explain the objectives and functions of SIDC.

Answer 1

Answer:

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SIDCs: The State Industrial Development Corporations (In-corporated under the Companies Act, 1956) were set up in different states as state government.

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Answer 2

Explanation:

SIDC. ... The full form of SIDC states industrial development corporation. The main objective of establishing SIDC was to increase the process of industrialization in India. Also, it is considered as one of a financial institution to be established in India.