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BankingNABARD / RBI

Bank of India and Sa-Dhan MoU for Women and Micro Enterprise Credit

3 May 20251 min read
BANKING & FINANCEBank of India andSa-Dhan MoU forWomen and MicroEnterprise Credit3 May 2025safalsetu.com

Why in the news

Bank of India teamed up with Sa-Dhan to send more credit to small and women-run businesses.

Key facts

  • Sa-Dhan is a self-regulatory organisation appointed by the RBI.
  • Aims: credit for SHGs and others, green financing, WASH (Water, Sanitation and Hygiene) finance, co-lending with MFIs.
  • Also: digital loan handling, financial literacy, awareness of government schemes.
  • Priority: women entrepreneurs, rural and semi-urban enterprises.

Exam angle

  • Sa-Dhan: an RBI-appointed SRO.
  • Related terms: SHG, MFI, WASH.

Test yourself

1. Which organisation signed an MoU with Bank of India to boost finance for women-led and micro enterprises?

Sa-Dhan, an RBI-appointed SRO, signed the MoU with Bank of India.

2. In the Bank of India-Sa-Dhan MoU, WASH financing stands for finance for which sectors?

WASH expands to Water, Sanitation and Hygiene.

3. The Bank of India-Sa-Dhan MoU is described as what kind of agreement?

The notes call it a non-commercial MoU.

This topic is part of Daily Current Affairs 3 May 2025 (19 topics).

All topics of the dayDay quizMay 2025

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