Question
Under the Credit Guarantee Fund Trust for Micro and
Small Enterprises (CGTMSE) scheme, what is the ceiling for availing credit guarantee for under CGS-I?Solution
Explanation: Fund and non-fund based (Letters of Credit, Bank Guarantee etc.) credit facilities up to 500 lakh per eligible borrower are covered under the guarantee scheme provided they are extended on the project viability without collateral security or third party guarantee. However, under the "Hybrid Security" product, the MLIs will be allowed to obtain collateral security for a part of the credit facility, whereas the remaining part of the credit facility, up to a maximum of 500 lakh, can be covered under Credit Guarantee Scheme of CGTMSE.
In the standard IS-LM model, an increase in Government spending (G) without changing taxes has
'Distributed Profits' is also known as:
Which of the following best describes the core principle of the Taylor policy rule?
The A.M. and G.M. of a distribution are 12.5 and 10 respectively. Then the H.M. is
What is the variance of first n natural numbers
According to the Economic Survey 2023-24, what is the target year for India to achieve net zero emissions?
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With reference to the governance of public sector banking in India, consider the following statements:
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