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Question
Justify the following statement.
SIDBI acts as an institute for the promotion of MSMEs
Solution
- There are many efforts taken by SIDBI to emerge as a brand which is customer friendly towards MSME’s.
- It .facilitates and strengthens credit flow to MSME’s.
- It identifies financial and developmental gaps in the MSME’s and takes efforts to resolve the same.
- SIDBI has dedicated its resources to the evolution of a vibrant ecosystem. SIDBI has taken Steps for technological upgradation and modernization of existing MSME’S
- Thus, we can say that SIDBI acts as an institute for promotion of MSME’s.
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