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SIDBI has partnered with Google to launch a social impact lending program for _________
A)
MSMAs
B)
MSMEs
C)
MAMBs
D)
MMAEs

Correct Answer : Option (B) - MSMEs


Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small and Medium Enterprises (MSMEs) has entered into a collaboration with Google for having a social impact lending programme with financial assistance up to Rs.100 lakh at competitive interest rates targeted at micro enterprises.
 
* The collaboration brings a corpus of $15 million (about Rs. 110 crores) to micro-enterprises as a crisis response related to Covid-19 for reinvigoration.
* MSMEs having turnover up to 5 crores will get the loan ranging between 25 lakh to 1 crore which is being implemented by SIDBI.

Published On : November 20, 2021
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