CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
SIDBI to launch which of the following platforms to give MSMEs information about starting operations, getting finance or credit enhancement and other support services?
A
India SME Help Platform
B
India SME Services Platform
C
Indian SME Help Platform
D
Indian SME Care Platform
Explanation: 

Detailed explanation-1: -Role of SIDBI SIDBI is mandated to serve as the Principal Financial Institution for executing the triple agenda of promotion, financing and development of the MSME sector and coordination of the functions of the various Institutions engaged in similar activities.

Detailed explanation-2: -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).

Detailed explanation-3: -MoU inked for developing ecosystem The MoU, for developing the MSME ecosystem, was signed by director of Industries in the Telangana Industries and Commerce department D. Krishna Bhaskar and SIDBI deputy managing director V.S.V. Rao, the financial institution said in a release.

Detailed explanation-4: -SIDBI is the Primary Financial Institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector.

There is 1 question to complete.