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Question
Explain the following term/concept.
Udyami Mitra.
Solution
- This is the portal launched by SIDBI to improve the accessibility of credit and handholding services to MSME’s.
- Under this portal, entrepreneurs can apply for a loan without physically visiting any bank branches.
- The entrepreneurs can select and apply for preferred banks.
- They can select a suitable branch, track their application status, and avail multiple loan benefits.
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