Discussion
Banks can avail refinance against loans made to industrial units from
Answer: D
Correct answer: IDBI
IDBI was the apex institution for industrial finance, and one of its principal functions was refinancing loans made by banks and other institutions to industrial units - supplying the long-term funds the banks themselves lacked.
The others serve different purposes: NABARD refinances agricultural and rural credit, the DICGC insures deposits, and the ECGC insures exporters against payment risk. Only IDBI stood behind industrial lending in this way.
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