Which of the following is not a function of SIDO?
1. Itaims at evolving a national policy for the growth and development of SSIs. It gathers data on imported consumer products and to enable the establishment of industrial units to manufacture these goods by providing organised help.
2. It also keeps proper link with the related Planning Commission, Central Ministries, Financial Institutions and State Governments etc.
3. It sets aside items for small scale manufacturing, and provides necessary support for the development of auxiliary units.
4. It provides direct support for infrastructure development and lending money to microfinance institutions.
Select the correct answer
Timely and adequate assistance and rehabilitation efforts to MSEs should begin on a proactive basis when early signs of sickness are detected. This stage is termed as
Assertion (A) When an industrial unit falls sick, those who depend on it have to face an uncertain future. Reason (R) The sick units continue to operate below the break-even point and are thus forced to depend on external sources for funds of their long-term survival.