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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


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

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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