New FLASH SALE Dhamaka - Flat 60% Off on All Courses

    Question

    How much is the interest subvention provided by the

    Government of India for prompt repayment of loans under the KCC scheme?
    A 2% per annum Correct Answer Incorrect Answer
    B 3% per annum Correct Answer Incorrect Answer
    C 4% per annum Correct Answer Incorrect Answer
    D 5% per annum Correct Answer Incorrect Answer
    E No subvention Correct Answer Incorrect Answer

    Solution

    The Government of India provides an interest subvention of 2% per annum with an additional 3% for prompt repayment, effectively reducing the interest rate to 4%.

    Practice Next