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Which organisation was established in 1990 to promote and finance micro, small and medium enterprises (MSMEs) in India?

easy Q12 of 15
Static GK - Organizations & Headquarters
Which organisation was established in 1990 to promote and finance micro, small and medium enterprises (MSMEs) in India?
ASmall Industries Development Bank of India (SIDBI)
BIndustrial Development Bank of India (IDBI)
CNational Bank for Agriculture and Rural Development (NABARD)
DNational Highways Authority of India (NHAI)
Step-by-Step Solution
  1. Step 1: Understand the function

    The question focuses on the organisation supporting MSMEs, established in 1990.
  2. Step 2: Identify the organisation

    SIDBI was established in 1990 specifically to promote and finance micro, small and medium enterprises in India.
  3. Final Answer:

    Small Industries Development Bank of India (SIDBI) → Option A
  4. Quick Check:

    SIDBI established for MSMEs = 1990 ✅
Quick Trick: SIDBI is the MSME-focused bank established in 1990.
Common Mistakes:
MISTAKES
  • Confusing SIDBI with IDBI or NABARD which have different roles.
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