CURRENT AFFAIRS

Detailed explanation-1: -Detailed Solution. The correct answer is ICICI Bank. National Minorities Development and Finance Corporation (NMDFC) has signed an agreement with ICICI Bank for the development of financial accounting software and mobile application.

Detailed explanation-2: -This scheme is for individual beneficiaries and is implemented through the SCAs. Under the Term Loan Scheme, projects costing up to Rs 20.00 Lakhs are considered for financing. NMDFC provides loan to the extent of 90% of the project cost subject to a maximum of Rs 18.00 lacs.

Detailed explanation-3: -“Alliance partner” shall mean MMI SOFTWARES PVT. LTD., who has entered into an alliance agreement with ICICI Bank for purpose of providing the Offer.