SIDBI Schemes: SMILE Loan
CMAT 2023 · Innovation & Entrepreneurship · Medium · Innovation & Entrepreneurship
The primary focus of SMILE loan of SIDBI is to:
- A.
Upgrade their machinery with state-of-the-art equipment
- B.
To meet the debt-equity ratio of a unit or to help in its growth and expansion
- C.
For technology upgradation and expansion
- D.
One-time non-recurring loan for start ups
Answer
B
Explanation
The primary focus of SIDBI Make in India Soft Loan Fund for MSMEs (SMILE) is to assist MSMEs in meeting the required debt-equity ratio for establishing new units or expanding existing ones.
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