Question
Recently which of the following organisation had
announced a partnership with Andhra Pradesh’s regional rural bank Andhra Pragati Gramina Bank (APGB) to provide refinance facility to MSMEs in the state?Solution
Small and Medium Enterprise Development Bank of India (SIDBI) announced a partnership with Andhra Pradesh’s regional rural bank Andhra Pragati Gramina Bank (APGB) to provide refinance facility to the latter for credit availability to MSMEs in the state. SIDBI is playing a significant role as a facilitator to strengthen the MSME ecosystem in the country and this arrangement with APGB will help to upscale the MSME segment, especially in semi-urban and rural areas. Learn Along SIDBI Headquarters: Lucknow CMD– Sivasubramanian Ramann
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