Discussion
SlDBI was set up in ___ as a wholly owned subsidiary of
Answer: D
Correct answer: 1990 - lDBI
The Small Industries Development Bank of India was set up in 1990 as a wholly owned subsidiary of IDBI, to act as the principal financial institution for the promotion, financing and development of small-scale industry and to coordinate the institutions engaged in that work.
It was later delinked from IDBI, whose own shareholding was transferred, and now stands as an independent development financial institution serving the micro, small and medium enterprise sector - chiefly through refinance to banks and other lenders rather than by direct lending alone.
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