Explain the functions of NABARD,SIDBI
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Answer:NABARD is an apex development bank of India. It's roles include: Finance: Promoting agriculture and rural development through credit support( mainly refinance). Developmental: develops and implements GOIs development schemes.Functions of SIDBI. SIDBI refinances loans extended by the primary lending institutions to small scale industrial units, and also provides resources support to them. SIDBI discounts and rediscounts bills arising from sale of machinery to or manufactured by industrial units in the small scale sector.
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