Explain the functions of institutions established to assist small business unit in the country.
Dear student,
Some of the institutions established to assist small business units in India are:
1. NABARD- It was set up to promote integrated rural development. It offers counselling and consultancy services for rural entrepreneurs.
2. National small industries corporation- It was set up with the aim to promote the growth of small business in India. It supplies machinery, raw materials, etc to small business units.
3. SIDBI- It is an apex bank that provide direct/ indirect financial assistance to meet credit needs of small business organisations.
Regards
Some of the institutions established to assist small business units in India are:
1. NABARD- It was set up to promote integrated rural development. It offers counselling and consultancy services for rural entrepreneurs.
2. National small industries corporation- It was set up with the aim to promote the growth of small business in India. It supplies machinery, raw materials, etc to small business units.
3. SIDBI- It is an apex bank that provide direct/ indirect financial assistance to meet credit needs of small business organisations.
Regards