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    Question

    Recently which of the following organisation had

    announced a partnership with Andhra Pradesh’s regional rural bank Andhra Pragati Gramina Bank (APGB) to provide refinance facility to MSMEs in the state?
    A NABARD Correct Answer Incorrect Answer
    B NHB Correct Answer Incorrect Answer
    C SIDBI Correct Answer Incorrect Answer
    D SBI Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Small and Medium Enterprise Development Bank of India (SIDBI) announced a partnership with Andhra Pradesh’s regional rural bank Andhra Pragati Gramina Bank (APGB) to provide refinance facility to the latter for credit availability to MSMEs in the state. SIDBI is playing a significant role as a facilitator to strengthen the MSME ecosystem in the country and this arrangement with APGB will help to upscale the MSME segment, especially in semi-urban and rural areas. Learn Along SIDBI Headquarters: Lucknow CMD– Sivasubramanian Ramann

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