Question

Name the institutions and banks set up to promote small-scale industries in rural, backward and hilly areas. Explain their objectives.

Answer 1

The institutions and banks set up to promote small industries in rural backward and hilly areas are:-

National bank for agricultural and rural development (NABARD)

The rural smalldevelopment center (RSBDC)

National Small Industries Corporation (NSIC)

Small Industries Development Bank Of India (SIDBI)

The National Commission For Enterprises In The Unorganised Sector(NCEUS)

Rural And Women Entrepreneurship Development(RWED)

World Association For Small And Medium Enterprises(WASME)

Scheme Of Fund for Regeneration Of Traditional Industries(SFURTI)

District Industries Centers(DICs)