In 2021,which financial institution entered into a collaboration with Google India Pvt Ltd (GIPL) for piloting a social impact lending programme with financial assistance up to ₹1 crore at subsidised interest rates?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. SIDBI.
- In 2021, SIDBI partnered with Google India Pvt Ltd (GIPL) to pilot a social impact lending program, providing MSMEs with financial assistance up to ₹1 crore at subsidized interest rates.
- The initiative aimed to support businesses generating significant social impact. This collaboration sought to foster inclusive economic growth and development in underserved communities.