Where is the head quarter of SIDBI ?

Question

Accepted Answer

The correct option is 2:
The Small Industries Development Bank of India (SIDBI) was established on April 2, 1990, under an Act of the Indian Parliament. It serves as the Principal Financial Institution for the promotion, financing, and development of the Micro, Small, and Medium Enterprise (MSME) sector in India. The official headquarters of SIDBI is located in Lucknow, the capital city of the state of Uttar Pradesh. This strategic location in Northern India helps SIDBI manage its extensive operations and coordinate the functions of various institutions involved in similar activities, ensuring support reaches the MSME sector across the country.

The incorrect option is 1: Gorakhpur.
Gorakhpur is an important city in Uttar Pradesh, known for its industrial significance, but it is not the headquarters of SIDBI. The incorrect option is 3: Ujjain. Ujjain is a significant city in Madhya Pradesh, known for its religious importance, but it is not the location of SIDBI's head office. The incorrect option is 4: Prayagraj. Prayagraj (formerly Allahabad) is another major city in Uttar Pradesh, but the central administrative office of SIDBI is not situated there.