2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IRDAI
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NABARD
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RBI
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SIDBI
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Detailed explanation-1: -Notes: The SVC Co-operative Bank (SVC Bank) has entered into an agreement with the Small Industries Development Bank in India (SIDBI) to improve the flow of credit to the MSMEs.
Detailed explanation-2: -The agreement was signed by Ashish Singhal, MD, SVC Bank and Sanjeev Gupta, GM, SIDBI in Mumbai on July 28. Under the agreement, SIDBI will extend Refinance facility to SVC Bank to facilitate an improved flow of credit in order to empower MSMEs and boost economic partnership.
Detailed explanation-3: -The full form of SVC is Shamrao Vithal Co-op. SVC Bank was founded in India in 1906 and registered as a Co-operative Credit Society on 27 December 1906. The Bank operates in ten Indian states. Maharashtra. Karnataka.
Detailed explanation-4: -Small Industries Development Bank of India (SIDBI) was established under an Act of the Parliament in 1990.