Mention any two Function of each of theFollowing
1) IDBI
2) RRBS
3) NABARD
4) SIDBI
Answers
Explanation:
National Bank for Agriculture and Rural Development (NABARD) is an apex development finance institution fully owned by Government of India
Coordinating the activities of financial institutions for the promotion and development of industries. IDBI is the leader, coordinator and innovator in the field of industrial financing in our country. Its major activity is confined to financing, developmental, co-ordination and promotional functions.
Bro it took me more time so plz mark me as the brainliest.
Functions performed by IDBI
That the IDBI has shown its particular interest in the development of small-scale industries is demonstrated by the setting up of the Small Industries Development Fund (SIDF) in May 1986, the National Equity Fund Scheme (NEFS) in 1988, and the Voluntary Executive Corporation Cell (VECC) for providing support in the nature of equity to tiny and small-scale industries engaged in manufacturing, cost not exceeding Rs. 5 lakhs. The scheme is administrated by the IDBI through nationalised banks.
The IDBI has also introduced the single window assistance scheme for grant of term-loans and working capital assistance to new, tiny and small-scale enterprises. As per data available, IDBI has extended about one-third of total industrial assistance to small-sector alone.
The scope of business of the IDBI has also been extended to cover consulting, merchant banking and trusteeship activities.
Functions performed by RRBS
RRBs perform various functions in following heads:
Providing banking facilities to rural and semi-urban areas.
Carrying out government operations like disbursement of wages of MGNREGA workers, distribution of pensions etc.
Providing Para-Banking facilities like locker facilities, debit and credit cards, mobile banking, internet banking,UPI etc.
Functions performed by NABARD
The major functions of NABARD include promotion and development, refinancing, financing, planning, monitoring and supervision.
Credit Planning and Monitoring, Coordination with various agencies and institutions.
Assist in policy formulation of GoI, RBI and State Governments on matters related to agricultural credit and rural development
Institutional development and capacity building of Cooperatives and Regional Rural Banks (RRBs) to strengthen the rural credit delivery system. Statutory inspection of Regional Rural Banks (RRBs), State Cooperative Banks and District Central Cooperative Banks (DCCBs), voluntary inspection of State Cooperative Agriculture and Rural Development Banks (SCARDBs) and their off-site surveillance
Promotional and developmental initiatives in the areas of farm, off-farm, micro finance, financial inclusion, Convergence with Govt sponsored programmes.
Supporting the financial inclusion efforts of Regional Rural Banks and Cooperative Banks
Thrust on promotion of livelihood opportunities and Micro Enterprises
Capacity Building of Personnel and Board Members of Credit Cooperatives and Staff of Rural Financial Institutions.
Support to research and development, rural innovations, etc.
Functions performed by SIDBI
1. Small Industries Development Bank of India refinances loans that are extended by the PLIs to the small-scale industrial units and also offers resources assistance to them
2. It discounts and rediscounts bills
3. It also helps in expanding marketing channels for the products of SSI (Small Scale Industries) sector both in the domestic as well as international markets
4. It offers services like factoring, leasing etc. to the industrial concerns in the small-scale sector
5. It promotes employment oriented industries particularly in semi-urban areas for creating employment opportunities and thus checking relocation of people to the urban areas
6. It also initiates steps for modernisation and technological up-gradation of current units
7. It also enables the timely flow of credit for working capital as well as term loans to Small Scale Industries in cooperation with commercial banks
8. It also co-promotes state level venture funds