IDBI Scheme for New Entrepreneurs
The question asks to identify a specific scheme operated by IDBI. This scheme's primary purpose is to encourage new entrepreneurs and promote wider ownership by supplementing the initial equity contribution for their industrial projects.
Scheme Identification
The core objective is to provide foundational financial support, specifically aiding the initial equity investment required by new business owners. The term 'Seed Capital' precisely refers to this initial funding needed to start a business venture.
- Seed Capital Assistance Scheme: This directly matches the description, as it provides the initial capital (equity) to help new and small entrepreneurs launch their projects.
Rationale for Exclusion
Other options offered do not fit the specific criteria mentioned:
- Bridge Loan Scheme: This offers short-term financing, not initial equity.
- Soft Loan Scheme for Modernisation: This targets existing businesses for upgrades, not startups.
- Technical Development Fund Scheme: This is focused on funding technical advancements, not initial equity for entrepreneurs.
Therefore, the Seed Capital Assistance Scheme is the correct choice for supplementing equity for small and new entrepreneurs.
Important Questions from Financial Institutions
_______ was the first Development Financial Institution of India set up to propel economic growth through development of infrastructure and industry in _______.
Which are correct regulatory provisions for foreign bank operations in India?
A. They are incorporated in India and have their head office in foreign country
B. Foreign banks since 2002 have been allowed to set up their subsidiaries in India
C. The foreign banks are allowed to operate in India even it they are not financially sound
D. They have to operate according to the banking regulations in India
E. RBI approved that foreign banks which are present in India could open their branches
Choose the correct answer from the options given below:
As of july 2021 who is the Chief Economist of the International Monetary Fund?
Which amongst the following pairs is not correctly matched ?
(Concept)
(Organization)
(1) Gender Development Index
UNDP
(2) Ease of Doing Business
World Bank
(3) Inclusion Index
World Economic Forum
(4) World Hunger Index
United Nations
Which one of the following is not the function of NABARD ?
