‘Digital Prayaas’ --- SIDBI

Current Context: The Small Industries Development Bank of India (SIDBI) has launched ‘Digital Prayaas’.

• The ‘Digital Prayaas’ is a digital-lending platform based on an app.
• It offers loans to entrepreneurs from low-income groups.
• It is launched with an objective to sanction the loan to the low-income group's entrepreneurs by the end of the day i.e. fast delivery of loan.
• It will promote, finance and develop the MSME sector of India.
• It provides speedy onboarding of loans to the applicants in a safe and secure manner.
• The SIDBI has partnered with BigBasket to provide loans to its delivery partners to purchase e-bikes and e-vans. The loans will be granted at an affordable interest rate.
• The activities performed prior to the sanctioning of loans like e-KYC, credit score analysis will be done using an algorithm on an end-to-end basis in a digital manner.
• The app will facilitate post sanction documentation like e-signing and e-stamping of the documents by the executants.
• Static Part: 
• HQ of SIDBI: Lucknow, Uttar Pradesh
• CMD of SIDBI: S Ramann

Question: 

Q.1 Which organisation launched ‘Digital Prayaas’ which is an app-based digital platform to sanction loans to entrepreneurs by the end of the day?
a. SIDBI
b. State Bank of India
c. HDFC Bank 

d. SEBI