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Resource Mobilization — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipResource Mobilization4 Marks
Question
Distinguish between ICICI and SIDBI.
✓

Answer

Differences between ICICI and SIDBI are:
S.No.
Basis
Industrial Credit and Investment
Corporation of India (CICI)
Small Industries Development Bank of
India (SIDBI)
1.
Mode of establishment
ICICI was established as a joint stock company in the private sector in 1955.
SIDBI was established in April 1990, as a wholly owned subsidiary of IDBI, under the SIDBI Act, 1990.
2.
Objective
  1. To assist in the formation, expansion and modernisation of industrial units in the private sector.
  2. To stimulate and promote the en participation of private capital.
  3. To furnish technical and managerial aid.
  1. Initiate steps for technological upgradation and modernisation of
  2. existing units. Expand channels for marketing of SSI sector products in India and abroad.
  3. Promote employment-oriented Industries.
3.
Types of assistance provided
It provides only direct assistance.
It provides direct as well as indirect assistance

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