Question
What is the name of the new scheme approved by the Union
Cabinet to improve the fisheries sector and provide access to institutional credit for fisheries and aquaculture microenterprises, which is also a key objective of the banking industry's financial inclusion initiatives?Solution
The Union Cabinet recently approved the ‘Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY),’ a sub-scheme under the Pradhan Mantri Matsya Sampada Yojana. With a budget of Rs. 6,000 crore, the 4-year initiative aims to formalize the fisheries sector, providing institutional credit to fishers, aquaculture farmers, and vendors. Key benefits include a National Fisheries Digital Platform, support for micro-enterprises and cooperatives, job creation (particularly for women), and a shift from conventional subsidies to performance-based incentives.
'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
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