Question
Under the Credit Guarantee Scheme for Micro and Small
Enterprises (CGTMSE), what is the guarantee cover tenure for working capital facilities?Solution
The Credit Guarantee Scheme makes a distinction between term loans/composite credit and working capital facilities. • For term loans, the guarantee cover is provided for the full agreed duration of the loan. • For working capital facilities, the guarantee cover is fixed at 5 years or in blocks of 5 years. This structured tenure helps balance risk exposure for the Credit Guarantee Trust and also provides adequate support for enterprises during their stabilization and growth phase.
Crystallisation of outstanding Foreign currency liability into rupee liability, in case of non realisation of export bill, is to be done at ________
According to the Union Budget 2023-24, consider the following statements.Â
1. Monthly merchandise exports declined from US$ 39.7 billion in Apri...
Which of the following is not considered a part of the money market?
What is project financing?
One of the important strategies adopted in the 10th five-year plan for education and literacy was The Sarva Shiksha Abhiyan (SSA). It was launched in w...
In the preparation and presentation of financial statements, certain components are essential to provide a complete and transparent view of a company's ...
Which of the following best describes the primary objective of Budgetary Control in an organisation?Â
Amita loves baking. She worked with a bakery which was famous for its cookies and cakes. However, Amita loved making cakes like a piece of art. She late...
As per FEMA, any person acquiring Foreign Exchange from AD Bank is permitted to use it ____
Which of the following statements regarding the classification of financial markets is/are correct?
1. Debt markets are primarily concerned with ...
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