SIDBI signs MoU with SAARC

Q.  SIDBI has signed an MoU with SDF. What does SDF stand for?
- Published on 03 May 16

a. SAARC Development Financing
b. SAARC Development Fund
c. SAARC Development Finance
d. None of the above

ANSWER: SAARC Development Fund
 
SIDBI has signed an MoU with SAARC Development Fund for mutual cooperation and collaboration. The MoU envisages SDF and SIDBI to work together in co-funding of projects in Indian MSMEs on risk sharing basis in identified sectors.
  • The MoU also focuses on the development of suitable financial products for SME financing for MSMEs of other SAARC states.
  • The MoU further deals with technology transfer and making available software to MFIs regarding loan tracking systems in other SAARC states.

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