{"id":120036,"date":"2021-08-11T12:06:36","date_gmt":"2021-08-11T12:06:36","guid":{"rendered":"https:\/\/www.edristi.in\/?p=120036"},"modified":"2021-08-11T12:06:37","modified_gmt":"2021-08-11T12:06:37","slug":"sidbi-unveils-digital-prayaas-lending-platform","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/sidbi-unveils-digital-prayaas-lending-platform\/","title":{"rendered":"SIDBI unveils \u201cDigital Prayaas\u201d lending platform"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Q. Recently which finance institution unveiled \u2018Digital Prayaas\u2019 an app based digital-lending platform to facilitate loans to entrepreneurs from low income groups?<br><\/strong>a) IDBI<br>b) SIDBI<br>c) SBI<br>d) HDFC<br><strong>ANSWER:- b)<br>RELATED FACTS:-<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Small Industries Development Bank of India (SIDBI), engaged in promotion, financing and development of Micro, Small and Medium Enterprises (MSMEs) has unveiled \u2018Digital Prayaas\u2019 an app-based digital-lending platform to facilitate loans to entrepreneurs from low-income groups.<\/li><li>The objective is to sanction a loan by the end of the day.<\/li><li>To cater to those from the urban area, SIDBI has tied up with BigBasket to provide loans to its delivery partners for purchase of e-bikes and e-vans.<\/li><li>Debasish Panda,Secretary, Department of Financial Services, while unveiling the two initiatives, said the SIDBI-BigBasket initiative would create digital footprints that would further facilitate loans to the borrower\u2019s family members for their own micro enterprises.<\/li><li>He also emphasised that SIDBI should enter into similar arrangements with more partner-institutions to increase its outreach.<\/li><li>The app facilitates speedy onboarding of loan applicants in a digital and integrated process which has made the entire programme scalable with better risk management and would further improve customer satisfaction.<\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>By &#8211; ABHISHEK KUMAR<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>LINK<\/strong><br><a href=\"https:\/\/www.thehindu.com\/business\/sidbi-unveils-digital-prayaas-lending-platform\/article35841208.ece\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.thehindu.com\/business\/sidbi-unveils-digital-prayaas-lending-platform\/article35841208.ece<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Q. Recently which finance institution unveiled \u2018Digital Prayaas\u2019 an app based digital-lending platform to facilitate loans to entrepreneurs from low income groups?a) IDBIb) SIDBIc) SBId) HDFCANSWER:- b)RELATED FACTS:- Small Industries Development Bank of India (SIDBI), engaged in promotion, financing and development of Micro, Small and Medium Enterprises (MSMEs) has unveiled \u2018Digital Prayaas\u2019 an app-based digital-lending [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":120037,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-120036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/120036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=120036"}],"version-history":[{"count":1,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/120036\/revisions"}],"predecessor-version":[{"id":120038,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/120036\/revisions\/120038"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/120037"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=120036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=120036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=120036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}