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ICICI has signed a MoU with Small Business FinCredit India Pvt Ltd on 4 January 2019 for jointly providing loans worth up to________ to the MSMEs?

This questions was previously asked in

SBI PO Mains (20 Jul, 2019)

View All SBIPO Previous Year Papers

5 crore

1 crore

2 crore

3 crore

None of the above

Explanation:

- ICICI Bank had signed a Memorandum of Understanding (MoU) with Small Business FinCredit India Pvt Ltd for providing joint loans to Micro, Small, and Medium Enterprises (MSMEs).

- This partnership focused on supporting MSMEs by offering credit to meet their financial needs.

- The program aimed to simplify access to funds for small and medium businesses.

- The correct option for the loan amount they were to jointly provide to MSMEs is up to ?1 crore.

Option:2, 1 crore

By: Parvesh Mehta

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