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iSPIRT Launches PSLAI to Strengthen MSME Financing

Published on January 28, 2025
Current Context: The Indian Software Product Industry Round Table (iSPIRT) launched the Priority Sector Lenders Association of India (PSLAI) on January 28, 2025.
iSPIRT Launches PSLAI to Strengthen MSME Financing
  • The aim is to improve financing for Micro, Small, and Medium Enterprises (MSMEs) by making it easier for them to access loans under the Priority Sector Lending (PSL) norms.
  • PSLAI's primary goals include:
    • Streamlining Loan Processes: Simplifying the procedure for MSMEs to obtain loans.
    • Strengthening Financial Inclusion: Ensuring that MSMEs, especially those in underserved sectors, have access to necessary financing.
    • Enhancing Collaboration: Bringing together various financial institutions to collaborate and share best practices for lending to MSMEs.
  • The association is led by Priyashmita Guha as CEO and includes founding members such as UGRO Capital and India Infoline Finance Limited (IIFL).

Question:

1 Who leads the Priority Sector Lenders Association of India (PSLAI) as its CEO?

  • A) Sanjay Agarwal
  • B) Priyashmita Guha
  • C) Ramesh Abhishek
  • D) Nirmala Sitharaman
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