2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SIDBI has set up which fund to facilitate free onboarding of MSMEs on Trade Receivables Discounting System platform?
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Atmanirbhar Crisis Responsive Fund
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Swavalamban Crisis Responsive Fund
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Local Crisis Responsive Fund
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Swaraj Crisis Responsive Fund
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Explanation:
Detailed explanation-1: -SIDBI Set Up ‘Swavalamban Crisis Responsive Fund’ to Facilitate Free Onboarding of MSMEs on TReDS platform.
Detailed explanation-2: -SIDBI helps MSMEs in acquiring the funds they require to grow, market, develop and commercialize their technologies and innovative products. The bank provides several schemes and also offers financial services and products for meeting the individual’s requirement of various businesses.
Detailed explanation-3: -Prayaas Scheme of SIDBI Disbursed More Than 276 Crore Loans to 18000 Small Entrepreneurs. Disbursement of over 276 crore loans to more than 18000 small entrepreneurs is recorded under the Prayaas Scheme of Small Industries Development Bank of India (SIDBI).
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