Question
In the context of CGTMSE, which of the following qualify
as primary security? i. Assets created using the sanctioned credit facility ii. Unencumbered fixed assets (land, building, factory) linked to the borrower’s project iii. Personal guarantee of the proprietor/partners or company directors iv. Personal guarantee of the spouse of the proprietorSolution
Under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), primary security refers to assets directly associated with the business or project financed. • Assets created out of the credit facility such as plant & machinery, business premises, or project-related land are considered primary security. • Unencumbered fixed assets of the borrowing unit (land, building, factory) directly linked to the project also qualify. • Personal guarantee of the proprietor/partners (for proprietorships/partnerships) or company directors is treated as primary security. However, the personal guarantee of a spouse or third party is considered collateral/third-party security and does notfall under primary security.
Which of the following statements is/are incorrect?
1. IMF forecasts India’s growth at 7% for 2024-25 and 7.5% for 2025-26.
2. India is ...
- For which agricultural commodity has the Government of India abolished the 20 percent export duty?
- Which Indian state hosted the Strawberry Festival 2025?
Which country topped the Global Peace Index 2024?
- Where is the headquarters of the "World Meteorological Organization" located?
How long does a standard soccer match last?
- India won its first Olympic hockey gold medal at which Games?
- Which public sector company received the 'Great Place to Work' certification for the period January 2025 to January 2026?
- Who did the Ministry of Law and Justice appoint as the Chief Justice of the Orissa High Court in March 2025?
Consider the following statements about the Swadeshi Movement:
1. It was launched as a response to the partition of Bengal in 1905.
2. The...