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    Question

    Small Industries Development Bank of India (SIDBI), has

    entered into a collaboration with Google for having a social impact lending programme with financial assistance up to what amount at competitive interest rates targeted at micro enterprises?
    A 10 crores Correct Answer Incorrect Answer
    B 1 crore Correct Answer Incorrect Answer
    C 2 crore Correct Answer Incorrect Answer
    D 5 crore Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Small Industries Development Bank of India (SIDBI), 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 partnership envisages a loan programme targeted at micro enterprises (having turnover up to Rs 5 crore), with loan sizes ranging between Rs 25 lakh to Rs 1 crore, being implemented by SIDBI. Major focus under the programme shall be on enterprises run by women entrepreneurs, with suitable interest rate concession also envisaged for such enterprises.

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