Name the bank that will be converted into small finance bank with the aim to provide micro-credit at the doorsteps to individuals and SMEs.

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Name the bank that will be converted into small finance bank with the aim to provide micro-credit at the doorsteps to individuals and SME’s.

A	Jio Payments Bank
B	Airtel Payments Bank
C	India Post Payments Bank
D	Aditya Birla Payments Bank

Explanation:

Detailed explanation-1: -SIDBI is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector.

Detailed explanation-2: -UCO Bank- UCO Bank Provides Finance to Micro & Small Enterprises.

Detailed explanation-3: -ESAF Small Finance Bank Ltd. Suryoday Small Finance Bank Ltd. Ujjivan Small Finance Bank Ltd. Utkarsh Small Finance Bank Ltd.

Detailed explanation-4: -The correct answer is Small Industries Development Bank of India. It was set up in 1990 with the mission of empowering the Micro, Small, and Medium Enterprises (MSME) sector to contribute and balance regional financial institutions responsible for the promotion, financing, and development of the section.

There is 1 question to complete.