8.
Briefly explain any two functions of each of the following:
(i) IDBI,
(ii) RRBs, (iii) NABARD (iv) SIDBI
Answers
Explanation:
The main functions of IDBI are discussed below:
(i) To provide financial assistance to industrial enterprises. (ii) To promote institutions engaged in industrial development. ADVERTISEMENTS: (iii) To provide technical and administrative assistance for promotion management or expansion of industry.
The RRB Act, 1986, empowers the Central Government to establish in a State or Union Territory one or more RRBs when any sponsor bank makes such a request The sponsor bank assists the RRB in many ways by subscribing to its share capital, by helping in its establishment, by assisting in recruitment and training of its
The major functions of NABARD include promotion and development, refinancing, financing, planning, monitoring and supervision. Non-credit related: Credit Planning and Monitoring, Coordination with various agencies and institutions.
Answer:
The main functions of IDBI are discussed below:
(i) To provide financial assistance to industrial enterprises. (ii) To promote institutions engaged in industrial development. ADVERTISEMENTS: (iii) To provide technical and administrative assistance for promotion management or expansion of industry
NABARD is a Development Bank with a mandate for providing and regulating credit and other facilities for the promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting ...