Name the various government and institutional agencies for financial assistance to small scale industries
Answers
Following are some of the Government and institutional agencies for financial assistance to small scale industries and cottage industries:
1) National bank for Agriculture and Rural Development (NABARD)
2) Rural Small Business Development Centre (RSBDC)
3) National Small Industries Corporation (NSIC)
4) Small Industries Development Bank of India (SIDBI)
5) the National Commission for Enterprises in the Unorganized Sector (NCEUS)
The small scale industries of the cottage industries may need some financial help in order to start up their business or during the course of their business. In order to provide such financial help to industries on a small level, such institutional Agencies or government Agencies are present.
Answer:
India – 14 Institutions that Provide Different Types of Support to Small Entrepreneurs
Commercial Banks.
State Financial Corporations.
District Industry Centres (DICs)
Small Industries Service Institutes (SISIs)