‘MSME Prerana’—Indian Bank’s Business Mentoring Programme

Current Context: Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, launched the programme named as ‘MSME Prerana’. 

• The programme is an online business mentoring programme for MSMEs.
• The programme is developed by Indian Bank and Poornatha & Co.
• ‘MSME Prerana’ is the first-of-its-kind initiative by a bank for MSME sector. 
• The programme will help to develop the businesses in the areas like Business skills, Communications, Human Resources etc.
• The program will offer inputs in simple formats and in local languages for MSMEs. Total 12 sessions will be offered under this programme.
• Poornatha & Co. will co duct the sessions related to managerial and financial skills and banking related sessions will be conducted by Indian Bank. 
• On completion of these courses, the business firm will be granted with a certificate from Indian Bank, Poornatha & Co. and MADE (Michigan Academy for Developing Entrepreneurs), United States. 
• This programme will offer MSME with complete knowledge related to Loan application, management of cash flow, government schemes etc.
• Static Part: 
• HQ of Indian Bank: Chennai
• Tagline of Indian Bank: Your Own Bank
• MD and CEO of Indian Bank: Padmaja Chunduru

Question: 

Q.1 ‘MSME Prerana’ programme is launched by which of the following bank in coordination with Poornatha & Co?
a. Indian Bank
b. United Bank of India
c. UCO Bank
d. Bank of Baroda