Udyami Mitra Portal Flashcards
1
Q
Who has launched Udyami Mitra portal ?
A
SIDBI and Mo MSME
2
Q
Why is this portal launched ?
A
To improve accessibility of credit for MSME’s
3
Q
What are its specific uses ?
A
1) Helps MSME’s for submission of loan applns which can be picked up by multiple lenders
2) Aims at bringing transparency in processing of loans by banks
3) Now NBFC’s and SFB’s are being onboarded for enhancing flow of credit to MSMEs
4) Under this plan banks will have to compete for loans through revamped portal
