1. A new product SBI SMILE has been introduced.
ans: To provide interest free equity assistance to professional and technically qualified entrepreneurs (Doctors including dentists, engineers (diploma and degree holders), management graduates etc ) for setting up new Micro and Small enterprises (MSEs)
2. SME Collateral Free scheme has been recently modified.
ans: To provide interest free equity assistance to professional and technically qualified entrepreneurs (Doctors including dentists, engineers (diploma and degree holders), management graduates etc ) for setting up new Micro and Small enterprises (MSEs)
2. SME Collateral Free scheme has been recently modified.
- To ensure hassle free credit flow to good borrowers of Micro & Small Enterprises
- To achieve the benchmark 20% YoY growth in MSEs set by the Reserve Bank of India and 60% sub target for Micro Enterprises in Micro & Small (MSE) advances
3. Doctor Plus Scheme has been modified recently.
- To keep the product in tune with the current market for such loans To revise guidelines for collateral security to widen the coverage under CGTMSE
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