Q. Consider the following statements regarding ‘Ubharte Sitaare’ Alternative Investment Fund:
1. It aims to provide debt and equity funding to export-oriented MSMEs.
2. The fund has been set up jointly by NABARD in collaboration with SBI
Which of the above statements is/are correct?
Answer: A
Notes:
- Statement 1 is correct
- Statement 2 is incorrect
About ‘Ubharte Sitaare’ Alternative Investment Fund:
- Aim: To provide debt and equity funding to export-oriented MSMEs as well as providing them with the required technological support to make their businesses more competitive.
- Setup by: The fund has been set up jointly by Exim Bank and SIDBI (Small Industries Development Bank of India).
Source: Article
Discover more from Free UPSC IAS Preparation Syllabus and Materials For Aspirants
Subscribe to get the latest posts sent to your email.