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
The organisation incorporated for retail payment and settlement systems in India is
Indian national strategy for financial inclusion, 2019-24 aims at:
A. Broadening and deepening of financial inclusion
B. Digitisation and seamless facilitation of financial transactions
C. Access to formal financial services in an affordable manner.
D. Women empowerment and strengthening self help group (SHG) ecosystems.
E. Promoting financial literacy and consumer protection
Choose the most appropriate answer from the options given below:
- The Industrial Finance Corporation of India (IFCI) was established in:
_______ was the first Development Financial Institution of India set up to propel economic growth through development of infrastructure and industry in _______.
Which of the followings are the national financial institutions?
(A) Industrial Development Bank of India
(B) Industrial Finance Corporation of India
(C) The State Industrial Development Corporation
(D) United Nations Development Programme
(E) State Financial Corporations.
Choose the correct answer from the options given below:
