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SBI signed MoU with Usha International Limited

Published on December 02, 2021
Current Context: The State Bank of India (SBI) has signed an MoU with Usha International Limited (UIL).
SBI signed MoU with Usha International Limited
  • The MoU was signed to empower women entrepreneurs in India.
  • Under the MoU, the women entrepreneurs will be granted financial assistance support so that they can execute their businesses in a seamless manner.
  • The funds will be provided under the Joint Liability Group model.
  • The partnership will help to uplift the social and economic status of women entrepreneurs in rural areas of India.
  • Both the entities will make women self-reliant and will grant them equal opportunity to attain financial growth and inclusion in their businesses.
  • The SBI bank’s branches in Uttarakhand, Delhi, Western UP, and NCR Haryana will grant financial support to women.
  • The training to the women entrepreneurs will be provided by UIL through USHA Silai Schools in India.

Question: 

Q.1 With which bank has Usha International Limited signed MoU to empower women entrepreneurs in India?
a. Central Bank of India
b. Punjab National Bank
c. State Bank of India
d. UCO Bank
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