CURRENT AFFAIRS

2020

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

Which institute in collaboration with TransUnion CIBIL launched financial knowledge platform named” MSMESaksham” for MSMEs?

A	FCI
B	RBI
C	SIDBI
D	SEBI

Explanation:

Detailed explanation-1: -Notes: The Small Industries Development Bank of India (SIDBI) has launched a knowledge portal named ‘MSME Saksham’, in association with TransUnion CIBIL.

Detailed explanation-2: -SIDBI and TransUnion CIBIL launch MSMESaksham – A one-stop knowledge platform for MSMEs - Small Industries Development Bank of India.

Detailed explanation-3: -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-4: -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-5: -In line with Shri UK Sinha committee recommendations, SIDBI has set up SIDBI Cluster Development Fund (SCDF) with support from RBI.

There is 1 question to complete.