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Current Affairs

‘KBL Micro Mitra’ for MSMEs—By Karnataka Bank

Current Context: A new financial support product for Micro Small and Medium Enterprises (MSME) has been launched by Karnataka Bank.
‘KBL Micro Mitra’ for MSMEs—By Karnataka Bank
  • The product is names as ‘KBL Micro Mitra’.
  • KBL Micro Mitra offers the financial assistance and support of Rs 10 lakhs to micro manufacturing service enterprises as working capital support or investment purpose support with simplified procedure and competitive interest rates.
  • Static Part: 
    • HQ of Karnataka Bank: Mangalore
    • MD and CEO of Karnataka Bank: Mahabaleshwara M S

Question: 

Q.1 What amount of financial support is offered by ‘KBL Micro Mitra’, a product of Karnataka Bank for MSMEs?
a. Rs 10 lakhs
b. Rs 5 lakhs
c. Rs 15 lakhs
d. Rs 20 lakhs

Q.2 What is the name of the product launched by Karnataka Bank to provide financial assistance to MSMEs?
a. KBL Micro Product
b. KBL MSME Mitra
c. KBL MSME Product
d. KBL Micro Mitra
‘KBL Micro Mitra’ for MSMEs—By Karnataka Bank ‘KBL Micro Mitra’ for MSMEs—By Karnataka Bank Reviewed by Neha Verma on June 24, 2020 Rating: 5

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