Question
Innovation & Entrepreneurship Question on Fundamentals of Business
The primary focus of SMILE loan of SIDBI is to
A
Upgrade their machinery with state-of-the-art equipment
B
To meet the debt-equity ratio of a unit or to help in its growth and expansion
C
For technology upgradation and expansion
D
One-time non-recurring loan for start ups
Answer
To meet the debt-equity ratio of a unit or to help in its growth and expansion
Explanation
Solution
The correct option is(B): To meet the debt-equity ratio of a unit or to help in its growth and expansion