Question

    The Delhi-based MSME Association, Chamber of Indian

    Micro, Small and Medium Enterprise (CIMSME) signed two MOUs with ___________ and ____________  to support the MSME sector with better access to structured financing as the banks.
    A Union Bank and UCO Bank Correct Answer Incorrect Answer
    B UCO Bank and SBI Correct Answer Incorrect Answer
    C Union Bank and Central Bank Correct Answer Incorrect Answer
    D Central Bank and UCO Bank Correct Answer Incorrect Answer
    E SBI and Union Bank Correct Answer Incorrect Answer

    Solution

    MSME loan applications-The Delhi-based MSME Association, Chamber of Indian Micro, Small and Medium Enterprise (CIMSME) signed two MOUs with Central Bank of India and Union Bank of India. In addition to vetting loan applications, CIMSME will also handhold the MSMEs for duly filling up the application form and completing the necessary formalities. The rationale behind this partnership is to support the MSME sector with better access to structured financing as the banks will be confident that the proposal is received through a proper channel which is duly vetted and prima facie is in order. CIMSME Headquarters: Bengaluru Director General: Diwakar Bhattacharya Central Bank of India Headquarters: Mumbai MD & CEO: M.V.Rao  Union Bank of India Headquarters: Mumbai CEO: A. Manimekhalai

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