Multiple choice

Which of the following banks had sanctioned credit limits of Rs.14.35 Crores to the city based nonprofit NGO Annapurna Pariwar for lending to urban poor from slums of Pune and Mumbai?

  1. Indian Overseas Bank

  2. United Bank of India

  3. Allahabad Bank

  4. Corporation Bank
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A Correct answer
Explanation

Indian Overseas Bank sanctioned credit limits of Rs.14.35 Crores to Annapurna Pariwar, an NGO working for urban poor in Pune and Mumbai slums. This financial support was aimed at enabling micro-lending activities to help marginalized communities access credit for livelihood activities. IOB was actively involved in such financial inclusion initiatives.

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