Small Industries Development Bank of India (SIDBI) signed an agreement with the Capital Small Finance Bank (CSFB) to enable it to provide loans at a concessional rate to Micro, Small and Medium Enterprises (MSMEs) through a multi-pronged strategy comprising of concessional funding at MCLR of CSFB under refinance from SIDBI.
The MoU also envisages joint financing/co-financing of MSMEs for capital expenditure under ‘SIDBI Make in India Soft Loan Fund for Micro, Small & Medium Enterprises’, popularly known as SMILE, at a concessional rate of 9.60% by SIDBI
What can be the possible questions from above news:
Q1. SIDBI signed an agreement with the Capital Small Finance Bank (CSFB) to enable it to provide loans at a concessional rate to Micro, Small and Medium Enterprises MSMEs, recently. At what percent the concessional rate is…
Q2. What is the full form of SMILE?
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Source- The Economic Times
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