Question : On Which date Indian Bank has signed an agreement with MoHUA(Ministry of Housing & Urban affairs) and SIDBI ?
(a) 15th October 2020
(b) 16th October 2020
(c) 17th October 2020
(d) none of the above
Answer (a)
Related facts
- Indian Bank has recently(15 October 2020) signed Memorandum of Understanding with Ministry of Housing and Urban Affairs (MoHUA), Govt of India and Small Industries Development Bank of India (SIDBI) for payment of subsidy and cash incentives to street vendors under PM SVANidhi Scheme.
- Street vendors represent a very important constituent in the urban economy and they offer varied services to the general public.
- PM SVANidhi Scheme is a flagship scheme of Government of India in line with agenda of Atmanirbhar Bharat.
- Bank has developed an integrated online system to make payments of interest subvention and cash incentives to all street vendor beneficiaries across the country directly to their Bank accounts through Direct Benefit Transfer (DBT).
By — Pankaj Pandey