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​Which portal was launched by SIDBI to improve accessibility of credit and handholding services to MSMEs?​
Question

​Which portal was launched by SIDBI to improve accessibility of credit and handholding services to MSMEs?​

A.

​Samadhan ​

B.

​Udyami Mitra​

C.

​MSME Champions​

D.

​Sampark​

Correct option is B

The correct answer is (B) ​Udyami Mitra.

  • The Small Industries Development Bank of India (SIDBI) launched the Udyami Mitra portal to improve access to credit and handholding services for Micro, Small, and Medium Enterprises (MSMEs).
  • The Udyami Mitra portal was revamped to allow SIDBI to implement credit and MSME-linked schemes digitally. 
  • SIDBI is the principal financial institution for promoting, financing, and developing the MSME sector. 

Incorrect options explanation:

  • SAMADHAN Portal is a digital initiative of the Ministry of Labour and Employment, Government of India to make the life of workmen, Management, Trade union and other stakeholders smooth by making the system more user-friendly ,transparent & efficient though online documentation , centralized monitoring &reducing disposal time by giving them a single online platform for raising their grievances like illegal termination, delay payments, unauthorized deduction, non -payment of maternity benefits, minimum wage, overtime allowance, tunnel allowance, height allowance, hill station/winter allowance , gratuity ,bonus , other legal dues and other such matter related to employment& condition of service in the form of industrial dispute, charter of demand, claims under applicable labour laws and general complaint.
  • This is the portal launched by SIDBI to improve accessibility of credit and handholding services to MSME’s.  Under this portal entrepreneurs can apply for loan without physically visiting any bank branches. The entrepreneurs can select and apply for preferred banks. They can select suitable branch, track their application status and avail multiple loan benefits.
  • Sampark, headquartered in Bangalore, and established in 1991, has made strides towards being a human rights movement and advocate. The vision of Sampark is to assist the vulnerable, particularly women, in gaining direct control of their lives and improving their living conditions.

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