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SIDBI partnered with Google

Published on November 19, 2021
Current Context: The Small Industries Development Bank of India (SIDBI) has entered into a partnership with Google.
SIDBI partnered with Google
  • They have collaborated to launch a $15 million (about Rs 110 crore) financial assistance program.
  • This will allow the MSME’s to avail loans from Rs 25 lakh to Rs 1 crore at affordable, competitive interest rates.
  • The main focus will be on those enterprises which are managed by women entrepreneurs.
  • The partnership will support the credit need of MSMEs in India so that they can opt for huge loans for performing their business activities like purchasing new machinery and equipment, production infrastructure, and working capital requirements.
  • Static Part: 
    • HQ of SIDBI: Lucknow
    • CMD of SIDBI: S Ramann
    • CEO of Google: Sunder Pichai

Question: 

Q.1 With which organization has SIDBI partnered to launch a $15 million (about Rs 110 crore) financial assistance program, in which loan from Rs 25 lakh to Rs 1 crore will be given to MSMEs?
a. IMF
b. Meta
c. Microsoft Corporation
d. Google

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