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Current Affairs

‘Swavalamban Crisis Responsive Fund’—By SIDBI

Current Context: The ‘Swavalamban Crisis Responsive Fund’ (SCRF) is set-up by the Small Industries Development Bank of India (SIDBI).
‘Swavalamban Crisis Responsive Fund’—By SIDBI
  • It is an open-ended fund to provide the facility of free onboarding of MSME on Trade Receivables Discounting System (TReDS) platform.
  • This SCRF comes under Swavalamban Resource Facility which is developed in partnership between SIDBI and DIFD (Department of International Development), United Kingdom.
  • SCRF facility will be available till 30th September 2020 and SIDBI aims to attain the target of onboard 10,000 during this predefined tenure.
  • Trade Receivables Discounting System (TReDS) is an electronic platform where receivable of MSMEs are drawn against buyers and they are financed by multiple financers via an auction. 
  • Static Part: 
    • HQ of SIDBI: Lucknow, Uttar Pradesh
    • Chairman and MD of SIDBI: Mohammad Mustafa

Question: 

Q.1 Which of the following organisation has launched ‘Swavalamban Crisis Responsive Fund’?
a. Confederation of Indian Industry
b. SIDBI
c. RBI
d. NABARD
‘Swavalamban Crisis Responsive Fund’—By SIDBI ‘Swavalamban Crisis Responsive Fund’—By SIDBI Reviewed by Neha Verma on June 29, 2020 Rating: 5

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