What does SIDBI stand for?

• Small Industries Development Bank of India

• Small Industries Department Bank of India

• State Industrial Development Bank of India

• Service Industries Development Bank of India

Which year was SIDBI established?

• 1990

• 2010

• 1985

• 2000

What is the main objective of SIDBI?

• To manage public transportation

• To promote, finance, and develop industries in the small-scale sector

• To regulate the stock market

• To provide agricultural loans

Name the headquarters of SIDBI.

• Mumbai, India

• Lucknow, India

• Delhi, India

• Chennai, India

What are the various schemes offered by SIDBI for small businesses?

• Digital India Scheme

• Startup India Scheme

• Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), Stand-Up India Scheme, Make in India Scheme, Sustainable Finance Scheme

• Skill India Scheme

Explain the role of SIDBI in promoting entrepreneurship.

• SIDBI promotes entrepreneurship by organizing cooking classes for aspiring chefs.

• SIDBI promotes entrepreneurship by providing financial assistance, credit facilities, support services, refinancing schemes, equity support, and developmental programs to small and medium enterprises.

• SIDBI promotes entrepreneurship by selling handmade crafts online.

• SIDBI promotes entrepreneurship by offering free travel vouchers to entrepreneurs.

How does SIDBI provide financial assistance to small-scale industries?

• By imposing strict regulations on small-scale industries

• By offering high-interest loans

• Through providing free training programs

• Through schemes like direct finance, refinance, bill rediscounting, and assistance in marketing, technology upgradation, and capacity building.

Discuss the impact of SIDBI on the economic development of Maharashtra.

• SIDBI provides financial assistance and support to small and medium enterprises in Maharashtra, fostering entrepreneurship, creating employment opportunities, promoting industrial growth, and contributing to the economic progress of the state.

• SIDBI focuses on agriculture and not industrial growth in Maharashtra

• SIDBI only supports large corporations in Maharashtra

• SIDBI has no impact on the economic development of Maharashtra

What are the challenges faced by SIDBI in fulfilling its objectives?

• Lack of technological advancements, low customer base, inefficient management practices

• Regulatory hurdles, inadequate infrastructure, poor risk management

• Limited capital base, high NPAs, competition, effective credit delivery

• Declining economy, lack of government support, outdated business model

How can students contribute to the growth of small businesses with the help of SIDBI?

• By spreading misinformation about SIDBI's services to discourage others from seeking help.

• By utilizing SIDBI's schemes and programs for financial assistance, training, and mentorship.

• By misusing SIDBI's funds for personal gain instead of investing in small businesses.

• By ignoring SIDBI's resources and focusing on personal growth only.