Question
The maximum loan amount eligible for credit guarantee
cover has been increased from INR 1.5 lakhs to INR 7.5 lakhs under the revamped Model Skill Loan Scheme. Under the revamped Model Skill Loan Scheme, what percentage of the loan amount is backed by a guarantee against default?Solution
The revamped Model Skill Loan Scheme provides a guarantee against default up to 75% of the loan amount. • Loan Limit Increase: The maximum loan amount eligible for credit guarantee has been raised from INR 1.5 lakhs to INR 7.5 lakhs. • Scheme Objective: To support skill development by increasing credit guarantee coverage for skill loans. • Expanded Network: The lending network now includes small finance banks, with additional skill development courses covered. • Overseeing Ministry: Ministry of Skills Development and Entrepreneurship.
Lalit Kala Akademi, the National Academy of Art was setup in:
Which of the following processes cause cooling?
What was the theme of the Report on Currency and Finance – 2021-22 (RCF22) which was released by the RBI?
Which nation has honoured Prime Minister of India Narendra Modi with the country’s highest honour bestowed on foreign leaders ‘Mitra Vibhushana’ i...
India is a member of which of the following organizations?
PM Janjati Adivasi Nyaya Maha Abhiyan (JANMAN) aims at uplifting ________ tribal communities identified as Particularly Vulnerable Tribal Groups (PVTGs)...
According to National Multidimensional Poverty Index 2023 (A Progress Review), what was the proportion of population in multidimensional poverty (Headco...
Indian Olympic Association (IOA) was formed in the year ______.
The govt has released the LEADS (Logistics Ease across Different States) 2023 report, assessing logistics performance across Indian States and Union Ter...
Who was the first Indian woman to become a chess Grandmaster?
