%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(12).png "Vedanta Aluminium Signed an MoU with CBI for MSME Financing")
Key Highlights:
a) State Bank of India
b) Punjab National Bank
c) Central Bank of India
d) HDFC Bank
Answer: c) Vedanta Aluminium signed the MoU with the Central Bank of India in New Delhi to offer collateral-free working capital to MSMEs.
- The initiative enables OEMs and MSMEs to access low-interest working capital with minimal documentation.
- Financing limits range from ₹10 lakh to ₹10 crore, with potential for higher limits based on business turnover and BALCO’s recommendation.
- The program is integrated into Vedanta Metal Bazaar, ensuring quick disbursement, digital coordination, and real-time invoice tracking.
- Over 100 customers are already availing financing options through four partner banks, and CBI’s inclusion will further democratize access to working capital.
Question:
Q.1 On June 11, 2025, Vedanta Aluminium signed an MoU with which bank to provide collateral-free financing for MSMEs?a) State Bank of India
b) Punjab National Bank
c) Central Bank of India
d) HDFC Bank
Answer: c) Vedanta Aluminium signed the MoU with the Central Bank of India in New Delhi to offer collateral-free working capital to MSMEs.
