New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The government has extended the deadline for loan

    disbursement or project completion of ethanol production facilities to ________ which was March 31, 2023 earlier.
    A September 30,2023 Correct Answer Incorrect Answer
    B October 1,2023 Correct Answer Incorrect Answer
    C November,30,2023 Correct Answer Incorrect Answer
    D December 31,2023 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The government has extended the deadline for loan disbursement or project completion of ethanol production facilities by six months to September 30,2023.   The previous timeline for loan disbursement under the schemes on ethanol projects was March 31, 2023.  Under the Ethanol Blended with Petrol (EBP) programme, the Centre is extending financial assistance by way of interest subvention at 6 per cent a annum or 50 per cent of the rate of interest charged by banks, whichever is lower, on the loans to be extended by banks for five years, including a one-year moratorium.

    Practice Next