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‘Pravaah Portal’, recently seen in the news, is launched by which institution?
- a)Small Industries Development Bank of India
- b)National Bank for Agriculture and Rural Development
- c)Reserve Bank of India
- d)NITI Aayog
Correct answer is option 'C'. Can you explain this answer?
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‘Pravaah Portal’, recently seen in the news, is launched b...
Pravaah Portal launched by Reserve Bank of India
Pravaah Portal:
The Pravaah Portal is an initiative launched by the Reserve Bank of India (RBI) to monitor the flow of credit to the micro, small, and medium enterprises (MSMEs) in the country.
Key Features:
- The portal provides insights into the credit flow to the MSME sector, which plays a crucial role in the growth of the economy.
- It helps in tracking the credit disbursed by banks and other financial institutions to the MSMEs.
- The portal aims to promote transparency and accountability in the lending process to the MSME sector.
Significance:
- The MSME sector is considered the backbone of the Indian economy, contributing significantly to employment generation and GDP growth.
- By monitoring the credit flow to the MSMEs through the Pravaah Portal, the RBI can assess the effectiveness of various policies aimed at boosting credit availability to this crucial sector.
Overall, the Pravaah Portal is a significant step taken by the Reserve Bank of India to ensure that adequate credit reaches the MSME sector, which is essential for driving economic growth and creating employment opportunities.
Pravaah Portal:
The Pravaah Portal is an initiative launched by the Reserve Bank of India (RBI) to monitor the flow of credit to the micro, small, and medium enterprises (MSMEs) in the country.
Key Features:
- The portal provides insights into the credit flow to the MSME sector, which plays a crucial role in the growth of the economy.
- It helps in tracking the credit disbursed by banks and other financial institutions to the MSMEs.
- The portal aims to promote transparency and accountability in the lending process to the MSME sector.
Significance:
- The MSME sector is considered the backbone of the Indian economy, contributing significantly to employment generation and GDP growth.
- By monitoring the credit flow to the MSMEs through the Pravaah Portal, the RBI can assess the effectiveness of various policies aimed at boosting credit availability to this crucial sector.
Overall, the Pravaah Portal is a significant step taken by the Reserve Bank of India to ensure that adequate credit reaches the MSME sector, which is essential for driving economic growth and creating employment opportunities.
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‘Pravaah Portal’, recently seen in the news, is launched b...
Context: The Reserve Bank of India (RBI) launched three major initiatives.
- G-Sec Mobile App: Enables retail investors to transact in government securities (G-Secs) using smartphones.
- PRAVAAH Portal: A centralized web-based platform for individuals or entities to apply for authorizations, licenses, or regulatory approvals from the RBI, enhancing efficiency in processing applications.
- Fintech Repository: A data storehouse for Indian FinTech firms to help understand the sector better and design appropriate policies. Additionally, the EmTech Repository for RBI-regulated entities will track the adoption of emerging technologies like AI and blockchain.
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‘Pravaah Portal’, recently seen in the news, is launched by which institution?a)Small Industries Development Bank of Indiab)National Bank for Agriculture and Rural Developmentc)Reserve Bank of Indiad)NITI AayogCorrect answer is option 'C'. Can you explain this answer?
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‘Pravaah Portal’, recently seen in the news, is launched by which institution?a)Small Industries Development Bank of Indiab)National Bank for Agriculture and Rural Developmentc)Reserve Bank of Indiad)NITI AayogCorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about ‘Pravaah Portal’, recently seen in the news, is launched by which institution?a)Small Industries Development Bank of Indiab)National Bank for Agriculture and Rural Developmentc)Reserve Bank of Indiad)NITI AayogCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for ‘Pravaah Portal’, recently seen in the news, is launched by which institution?a)Small Industries Development Bank of Indiab)National Bank for Agriculture and Rural Developmentc)Reserve Bank of Indiad)NITI AayogCorrect answer is option 'C'. Can you explain this answer?.
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