Question
What is the primary aim of the Credit Assistance Program
for Jan Aushadhi Kendras launched by the partnership between SIDBI and PMBI?Solution
The Credit Assistance Program for Jan Aushadhi Kendras, launched through a partnership between SIDBI and PMBI, primarily aims to offer credit assistance up to Rs. 4 lakhs for infrastructure development of Jan Aushadhi Kendras, enabling them to enhance their service delivery and reach.
As per the terms specified, the interest rate applicable to an Overdraft (OD) beyond WMA will be:
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