Question

SIDBI is the principal institution to promote small business. (State with reason whether the given statement is true or false)

Answer 1

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Answer 2

Answer:

The answer is TRUE.

Explanation:

SIDBI stands for Small Industries Development Bank of India. It was founded in 1990 and has its head office in Lucknow.

SIDBI was set up to promote micro, small and medium enterprises in the country. It aids such businesses through financing, development and coordination of their activities.