Question

Briefly explain any two functions of IDBI .​

Answer 1

Answer:

The main function of IDBI are as follows:-

(i) To provide financial assistance to industrial enterprises.

(ii) To promote institutions engaged in industrial development. ...

(iii) To provide technical and administrative assistance for promotion management or expansion of industry.

Explanation:

•IDBI stands for Industrial Development Bank of India. .

• It was formerly known Industrial Development Bank of India.

• It was established in 1964 to provide credit and other financial facilities for the development of Indian industry.

• The main objectives of IDBI is to serve as the apex institution for term finance for industry in India.

• Its objectives include: Co-ordination, regulation and supervision of the working of other financial institutions such as IFCI , ICICI, UTI, LIC, Commercial Banks and SFCs.

I hope it helps.

Thank you.

Answer 2

Two functions of IDBI -

• (i) To provide financial assistance to industrial enterprises.
• (ii) To promote institutions engaged in industrial development.

Mark me as brainliest♥♥✔