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Question
Attempt the following.
State the role of SIDBI in sustainable development.
Solution
Role of SIDBI in sustainable development:
- SIDBI helps MSMEs in the creation of economic wealth while preventing the ecological wealth of the country. It promotes the culture of energy-efficient and sustainable finance. It takes initiative to enhance awareness of the benefits of climate control amongst MSMEs.
- It focuses on lending schemes, promoting investments in clean production, and energy-efficient technologies. It helps to reduce the emission of greenhouse gases to contribute to a reduction in pollution.
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