2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank has sanctioned a loan Rs 689 crore to over 1, 600 Micro, Small and Medium Enterprises (MSMEs)?
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Union Bank of India
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Axis Bank
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Punjab National Bank
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Bank of Baroda
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Explanation:
Detailed explanation-1: -Small Industries Development Bank of India (SIDBI) provides financial loans to MSMEs and helps them in the promotion, development and maintenance of their business in India.
Detailed explanation-2: -UCO Bank- UCO Bank Provides Finance to Micro & Small Enterprises.
Detailed explanation-3: -MSME Loan for New and Existing Businesses The maximum loan amount offered by Banks/NBFCs is up to Rs. 2 crore (Collateral-free loans) with the repayment tenure of up to 5 years, may exceed as per requirements. MSME loan interest rates shall vary, as per applicant’s profile and differ from lender to lender.
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