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

    Question

    Which of the following bank launched PattabhiSitaramayya

    - Self Business Group (PS-SBG) scheme to encourage entrepreneurship?
    A Andhra Bank Correct Answer Incorrect Answer
    B State Bank of India Correct Answer Incorrect Answer
    C Bank of Baroda Correct Answer Incorrect Answer
    D Punjab National Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Under the scheme, SHGs having five years of association with Andhra Bank and having successfully completed three credit rotations with good repayment record and an aptitude for entrepreneurship, will be eligible for a loan. Finance in the form of working capital and term loan can be extended to the group or in individual capacity within the group to the extent of ₹ 25 lakh without any collateral security on easier terms and conditions, according to a release.

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