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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?
5 crore
1 crore
2 crore
3 crore
None of the above
- 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
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