Question : In 2021, which financial institution entered into a collaboration with Google India Pvt Ltd (GIPL) for piloting a social impact lending programme with financial assistance up to INR 1 crore at subsidised interest rates?
Option 1: IFCI
Option 2: NABARD
Option 3: IIFCL
Option 4: SIDBI
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Correct Answer: SIDBI
Solution : The correct option is SIDBI
SIDBI stands for Small Industries Development Bank of India . It is an independent financial institution in India that primarily focuses on providing financial support and services to micro, small, and medium-sized enterprises (MSMEs).
SIDBI plays a crucial role in promoting entrepreneurship and economic development by offering various financial products and schemes to assist MSMEs in India.
SIDBI established in 1988 by the Special Act of Parliament. It came into effect from 1990, 2nd April.
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