Correct Answer : SIDBI
In order to facilitate loans to aspiring entrepreneur from the bottom of the pyramid, Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of MSMEs has launched the programme ‘Digital Prayaas’ an App-based end to end digital lending tool platform resulting in loan sanction accorded by the end of the day.
Further, to cater to the aspiring youths in the urban area, SIDBI has also tied up with a major aggregator viz., BigBasket, to on board its delivery partners across the country and provide loans at an affordable interest rate for purchase of environment friendly e-Bikes and e-Vans.