Current Affairs · Union Budget
What significant measure was announced in the Union Budget 2024-25 regarding credit assessment for Micro, Small, and Medium Enterprises (MSMEs)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Credit assessment for all domestic MSMEs will be outsourced entirely to international financial firms.
- 2MSMEs will be provided commercial loans directly without any financial credit assessment.
- 3Public Sector Banks (PSBs) will build their own in-house capability for MSME credit assessment using digital footprints.✓
- 4Public Sector Banks (PSBs) will rely purely on traditional third-party financial credit rating agencies.
Correct answer
Public Sector Banks (PSBs) will build their own in-house capability for MSME credit assessment using digital footprints.
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