Question

Name any one institution constituted for supporting small business in India.​

Answer 1

Answer:

Institutions Supporting Small Business Enterprises in India:

• SSIB
• SIDO
• NSIC
• SISIS
• SSIDCs
• DICs
• SIDBI
• NABARD

Explanation:

Hope this helps you ✌️

Answer 2

Answer:

The Small Industries Development Bank of India (SIDBI)

Explanation:

        The Small Industries Development Bank of India (SIDBI)

• The Small Industries Development Bank of India (SIDBI) is an independent financial organisation that supports the expansion and development of MSMEs, which are important contributors to the national economy in terms of exports, output, and employment.
• In order to solve the financial and developmental gaps in the MSMEs ecosystem, SIDBI was founded with the goals of facilitating and enhancing the flow of credit to Micro, Small, and Medium Enterprises.
• It was established as a statutory body in 1990 by an act of the Indian Parliament.

Functions-

• It aspires to establish itself as a one-stop shop for MSMEs' financial and developmental needs in order to safeguard the institution's standing as a customer-friendly financial organisation while enhancing MSMEs' competitiveness, strength, and vitality on the world stage.
• Through the use of cutting-edge technologies, it also seeks to increase shareholder wealth.
• It contributes to the growth and promotion of the MSME industry.
• It serves as the main institution for the growth, promotion, and financing of the MSME sector as well as for coordinating the operations of other institutions involved in related endeavours.
• In The Banker's rating of the top 30 development banks worldwide, SIDBI maintained its ranking.

Hence, apart from SIDBI some other institution constituted for supporting small business in India are:

Small Scale Industries Board (SSIB) ,

Small Industries Development Organisation (SIDO),

National Small Industries Corporation (NSIC),

Small Industries Service Institutes (SISIS) ,

Specialised Institutions

#SPJ3