CURRENT AFFAIRS : BANKING & FINANCE
Global Alliance for Mass Entrepreneurship & SIDBI To Launch NBFC Growth Accelerator Program
- Global Alliance for Mass Entrepreneurship (GAME) has received in-principal approval from Small Industries Development Bank of India (SIDBI) for designing and structuring a sustainable and scalable Non-Banking Finance Company (NBFC) Growth Accelerator Program (NGAP).
- The ultimate goal of the NGAP framework is to enable a larger set of NBFCs to get access to institutional funding at a reasonable rate, so the benefit can be passed on to the MSMEs.
