Banking · MSME Financing
Consider the following statements regarding the operational guidelines for a Cluster-Based Approach in MSME Financing: I. The bank must appoint a dedicated Cluster Head or Cluster Manager who acts as the single point of contact for MSMEs in the cluster. II. The bank is required to mandatorily adopt advanced technology solutions such as real-time GPS asset tracking for all cluster loans. III. The bank should develop internal expertise to offer non-financial services (e.g., training, consultancy) along with financial products to improve the health of the cluster. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2Only II and III
- 3Only I and III✓
- 4Only I and II
Correct answer
Only I and III
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