📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      Which of the following credit facility aimed to i

      ncrease flow of credit to individuals for entrepreneurial activity in the non-farm sector , which is eligible under priority sector guidelines?
      A MSME Business Card Correct Answer Incorrect Answer
      B MSE Credit Card (MCC) Correct Answer Incorrect Answer
      C Enterprise Support Card Correct Answer Incorrect Answer
      D Kisan Credit Card (KCC) Correct Answer Incorrect Answer
      E General Credit Card (GCC) Correct Answer Incorrect Answer

      Solution

      Banks can issue General Credit Cards (GCC) for individuals/entities with working capital facilities for non-farm entrepreneurial activities, classified under priority sector lending.   Under GCC, t here will be  no ceiling  on the loan amount as long as the loan is for the purpose of non-farm entrepreneurial activity and is otherwise eligible for classification as priority sector. The limits should be fixed on the basis of risk assessment .  

      Practice Next
      ask-question