With the launch of revamped credit guarantee scheme for India’s micro and small enterprises that will come into effect April 1, 2023,the limit on ceiling for guarantees has also enhanced from Rs 2 crore to _______ as per the information provided by the Credit Guarantee Fund Trust for Micro & Small Enterprises (CGTMSE).
A revamped credit guarantee scheme for India’s micro and small enterprises will come into effect April 1, 2023, with the annual guarantee fee for loans up to Rs 1 crore getting reduced from the peak 2 per cent to 0.37 percent, reducing the overall cost of credit for small businesses. The limit on ceiling for guarantees has also enhanced from Rs 2 crore to Rs 5 crore as per the information provided by the Credit Guarantee Fund Trust for Micro & Small Enterprises (CGTMSE). Consequently, the corpus of Credit Guarantee Fund Trust for Micro & Small Enterprises has been infused with a sum of Rs 8,000 crore in March, 2023. For settlement of claims in respect of guarantees for loan outstanding up to Rs 10 lakh, initiation of legal proceedings will no longer be required.
Find the total amount received on investing Rs. 12,000 for 2 years at compound interest of 10% p.a., compounded annually.
The compound interest on a sum of ₹ 5,500 at 15% p.a. for 2 years, when the interest is compounded 8 monthly, is:
A property dealer bought a rectangular plot in Noida five years ago at the rate of Rs. 1000 thousand per square meter, the cost of plot increases by 5% ...
A sum of money triples itself in 6 years when invested at a certain rate of compound interest. In how many years will it amount to twenty-seven times it...
The compound interest on Rs. 30,000 at 7%per annum for n years is Rs. 4347. The value of n is
Michael has read 3/4 of a book, while Anna has read only 2/3 of the book she is reading. Both, however, have another 90 pages of their respective books...
A sum of ₹ 2,400 compounded annually at a certain rate of compound interest in 2 years amounts to ₹ 2,904. What will be the simple interest (in ₹)...
If Rs. 5,000 is compounded at an annual interest rate of 8%, what will be the amount after 3 years?
A sum of ₹33,100 was divided between Timir and Monali in such a way that if both invested their shares at 10% compound interest per annum, the amount ...
