Question
What digital platform did the government launch to
empower farmers with access to pledge finance against harvested commodities, and how does it work?Solution
• The government launched an online digital platform named "e-Upaja Kisaan Nidhi" to empower farmers with access to pledge finance against harvested commodities. • This initiative enables farmers to store their agricultural produce with the Warehousing Development and Regulatory Authority (WDRA) and secure post-harvest loans from banks. • The announcement was made by Consumer Affairs, Food and Public Distribution Minister Piyush Goyal during the launch ceremony of "e-Kisan Upaj Nidhi" (Digital Gateway) of the WDRA in New Delhi. • The digital gateway is developed collaboratively by the Department of Food and Public Distribution, the Department of Financial Services, and Nabard to store their produce at any WDRA-registered warehouse for six months, with an interest rate of seven per cent per annum.
'CIBIL Rank' for MSMEs (CIBIL MSME Rank) is provided on a scale of:Â
What is the 'Margin' in the context of a bank loan?Â
What initiative was launched by SIDBI in 2018 to track the current state and expected outlook on the MSME sector?
Which organization provides credit insurance to Indian exporters?Â
What does a 'Zero-Coupon Bond' mean?Â
Under the Kisan Credit Card (KCC) scheme, the 'Scale of Finance' for a crop is decided by:Â
Under the prompt corrective action (PCA) framework, which of the following parameters is NOT monitored by the RBI?Â
What is 'Countercyclical Capital Buffer' (CCyB)?Â
'Rights Issue' of shares refers to:Â
As per IRAC (Income Recognition and Asset Classification) norms, an asset is classified as a 'Loss Asset' when:Â