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The corpus of Credit Guarantee Fund Trust for Micro & Small Enterprises (CGTMSE) has been infused with a sum of Rs. 8,000 crore on 30.03.2023. CGTMSE has issued guidelines regarding reduction of annual guarantee fee for loans upto Rs. 1 crore from a peak rate of 2% per annum to as low as 0.37% per annum. This will reduce the overall cost of credit to the Micro & Small Enterprises to a great extent. The limit on ceiling for guarantees has been enhanced from Rs. 2 crore to Rs. 5 crore. For settlement of claims in respect of guarantees for loan outstanding upto Rs. 10 lakh, initiation of legal proceedings will no longer be required.
Which of the following best describes a merger of two companies where a financially sick or distress business is merged with a sound company as part ...
Which of the following statements is correct?
The loss incurred on an incomplete contract is transferred to …………….account.
Reserve Bank of India (RBI) would bring in greater transparency in the resetting of the interest rate on equated monthly installments (EMI) for floating...
How many Urban Cooperative Banks (UCBs) had their licenses revoked by the RBI in 2024 alone?
Which of the following is an interpersonal role of manager as per Mintzberg?
Labour cost that is specifically incurred for or can be readily charged to or identified with a specific job, contract, work order or any other unit of ...
If an individual is unable to pay back the overdraft taken by him it is known as
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The capacity to influence people and accomplish desired objectives is called:
