New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Udyog Plus, an MSME-focused portal provides capital and

    other business solutions to small businesses, including investments, advisory services, and utility services.Which bank has launched this portal?
    A HDFC Capital Correct Answer Incorrect Answer
    B SBI Capital Correct Answer Incorrect Answer
    C Aditya Birla Capital Correct Answer Incorrect Answer
    D BOB Capital Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Aditya Birla Capital launched Udyog Plus, an MSME-focused portal. The portal provides capital and other business solutions to small businesses, including investments, advisory services, and utility services. It offers online loans up to Rs 10 lakhs to MSMEs through various product offerings such as supply chain finance and transaction-based loans. Loans up to Rs 2 lakhs are provided without collateral or documentation. For loans above Rs 2 lakhs, MSMEs are required to submit financial statements, ITR, and GST returns.

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