Question
Which of the following entity gives guarantee to MSMEs
for loan under the emergency credit line guarantee scheme (ECLGS)?Solution
The ECLGS provides for the Guaranteed Emergency Credit Line (GECL) facility. The GECL is a loan for which 100% guarantee is provided by the National Credit Guarantee Trustee Company (NCGTC) to Member Lending Institutions (MLIs) - banks, financial institutes and NBFCs. · The loans are extended in the form of additional working capital term loan facility in case of banks and additional term loan facility in case of NBFCs to eligible Micro, Small and Medium Enterprises (MSMEs)/business enterprises and interested Pradhan Mantri Mudra Yojana (PMMY) borrowers. · First-time borrowers and Non-Performing Asset (NPA) accounts cannot raise funds under the scheme. · The tenor of loans provided under the GECL facility is four years from the date of disbursement. A moratorium period of one year on the principal amount is provided. · Interest rates of banks and financial institutions have been capped at 9.25% per annum, while NBFCs can lend at a maximum of 14% per annum.
Statements:
Some Distance are Miles
All Miles are Race
Some Race are not Time
Conclusion:
I. Some Miles are not Time<...
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All pearls are diamonds.
All diamonds are gold
All gold are silvers.
Statements: All males are females.
All females are men.
No man is a woman.
All women are Girl...
Statements:
Some diamonds are golds.
Some golds are marbles.
Conclusions:
I. Some diamonds are marbles.
II. Som...
Statements:
All books are pages.
Some notes are books.
All assignments are notes.
Conclusions:
I. At least some p...
Statement:
Only a few Cricket is Kabaddi.
All Cricket is Volleyball.
No Kabaddi is Football.
...Statement:
Only a few Nation are States.
Some States are Country.
At least Country are Capital.
Conclusion:
Some ...
Each option contains some statements. Determine from which statements the given two conclusions follow.
Conclusion:
I. No yearly is m...
Statements:
No Fire is Water.
Some Oil is Sugar.
Only a few Water is Sugar.
Conclusions:
Some Oil can never be Fi...
Read the given statements and conclusion carefully. Assuming the information given in the statement is true, even if it appears to be at variance with ...
