Arrange the following Financial Institutions in the increasing order of their date of establishment:

A. NABARD

B. EXIM Bank

C. UTI

D. SIDBI E. ECGC

Choose the correct answer from the options given below:

Correct option is D

1. ECGC (1957): Export Credit Guarantee Corporation of India was established to promote exports by providing credit risk insurance.
2. UTI (1964): Unit Trust of India was set up as India’s first mutual fund organization.
3. EXIM Bank (1982): Export-Import Bank of India was established to provide financial assistance to exporters and importers.
4. NABARD (1982): National Bank for Agriculture and Rural Development was set up to provide credit for agriculture and rural development.
5. SIDBI (1990): Small Industries Development Bank of India was established to promote, finance, and develop micro, small, and medium enterprises (MSMEs).
Information Booster
· ECGC: Supports exporters by reducing the risk of loss due to credit defaults.
· UTI: Pioneered the mutual funds market in India, offering small savings instruments to the public.
· EXIM Bank: Facilitates India's foreign trade by extending lines of credit and promoting export financing.
· NABARD: Provides long-term and short-term credit for agriculture, cottage, and village industries.
· SIDBI: Focuses on empowering MSMEs through funding, policy support, and capacity building.
Additional Knowledge
1. Institution Focus: Each of these institutions serves a unique role in India's financial and economic development.
2. Chronological Context: Understanding their establishment timeline highlights the evolving focus of India's economic priorities over the decades.