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The Credit Guarantee Scheme for Micro & Small Enterprises (CGTMSE) facilitates collateral-free loans up to ₹5 crores, encouraging entrepreneurs to venture into self-employment opportunities. Eligibility - The scheme is applicable to new and existing MSMEs engaged in manufacturing, trading, or services. The business must be assessed as viable and profitable by the Member Lending Institution (MLI). Guarantee - The scheme provides a guarantee to eligible MSMEs on loans availed from MLIs, which are public, private, and foreign banks and financial institutions. Fees - The scheme has a one-time guaranteed fee of 1.5% and an annual service fee of 0.75% on the sanctioned credit facilities. For loans up to ₹5 lakh, the fees are 1% and 0.5% respectively.
Which player won the men's singles title at Indonesia Masters 2023?
India's first solar powered boat will be operated in which river?
How many members are there in the Estimate Committee constituted by Parliament of India?
Which part of the Indian Constitution is often referred to as the Magna Carta of India?
Who is the Author of Nepali Navel “Phoolange”
Which country has declared a national health emergency due to 'Guillain-Barré syndrome'?
Who among the following is the winner of the 2023 “Goldman Environmental Prize” for winning a landmark case against Formosa Plastic, one of the worl...
In February 2023, which association/organization approved the ban on new sales of carbon-emitting petrol and diesel from the year 2035?
Which country has recently unveiled a new visa policy to attract foreign investors?
__________ country discovered the Rare Ghost Shark Species that live in deep of the Pacific ocean.