The correct answer is: A. IDBI
The Industrial Development Bank of India (IDBI) is a state-owned development financial institution in India. It was established in 1964 to provide financial assistance to industrial enterprises in India. IDBI has a wide range of products and services, including loans, guarantees, venture capital, and equity investments.
In 2012, IDBI launched the Special Refinance Scheme for the Resettlement and Rehabilitation of Voluntary Retired Workers of the National Textile Corporation of India (NTC). The scheme is designed to provide financial assistance to NTC workers who have voluntarily retired from service. The scheme offers loans at a concessional rate of interest and a repayment period of up to 10 years.
The scheme is open to all NTC workers who have retired from service on or after January 1, 2012. The maximum loan amount that can be sanctioned under the scheme is Rs. 2 lakh. The loan can be used for a variety of purposes, including purchase of a house, land, or a business.
The scheme is a major initiative by IDBI to help NTC workers who have voluntarily retired from service. The scheme will provide them with financial assistance to meet their needs and help them to resettle and rehabilitate themselves.
The other options are incorrect because:
- SIDBI is a state-owned development financial institution in India. It was established in 1992 to provide financial assistance to small and medium enterprises (SMEs) in India. SIDBI does not have a special refinance scheme for the resettlement and rehabilitation of voluntary retired workers of the NTC.
- ICICI is a private sector bank in India. It was established in 1994. ICICI does not have a special refinance scheme for the resettlement and rehabilitation of voluntary retired workers of the NTC.
- None of these is a development financial institution in India.