Question

Explain the objective of IDBI
​

Answer 1

Answer:

1. Industrial Development Bank of India (IDBI Bank Limited or IDBI Bank or IDBI) was established in 1964 by an Act to provide credit and other financial facilities for the development of the fledgling Indian industry.

2. 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 .

3. 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.

mark as brainliest please

Answer 2

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.