Which of the following entity gives guarantee to MSMEs for loan under the emergency credit line guarantee scheme (ECLGS)?
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.
Who among the following social reformers founded an educational institution, Hindu Widows Home, in Poona in the year 1896?
The dance form ‘Chharhi’ has originated from the state of:
According to the Economic Survey of India, which of the following states had the highest share in the overall production of sugarcane for the financial ...
What is the upgraded name of the Integrated Grievance Redressal System (IGMS) launched in 2011?
In which of the following oceans is Torres Strait located?
PM Mitra Mega Textile Park will be set up in how many states?
What was the theme for Consumer Rights Day for 2022?
Which Committee had suggested a penalty or punishment for the non performance of Fundamental Duties?
Which elite Naval Air squadron in the Andaman & Nicobar Command carried out the maiden all-women maritime surveillance mission on March 08, 2024?
What does NFRA stand for in the context of its role as an independent regulator overseeing the auditing profession and Indian Accounting Standards under...