📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Which of the following is a key eligibility criterion

    for availing funding under the ARISE project funding product?
    A Operations must have commenced at least five years ago. Correct Answer Incorrect Answer
    B Must show audited accounts and cash profit in the last audited financial results. Correct Answer Incorrect Answer
    C Loan is available only for new business ventures. Correct Answer Incorrect Answer
    D Repayment term is fixed at 10 years with no moratorium. Correct Answer Incorrect Answer
    E The loan amount is capped at Rs. 20 crores. Correct Answer Incorrect Answer

    Solution

      The ARISE project funding product is designed to support businesses in purchasing land, constructing factory buildings, acquiring machinery, or undertaking modernization and technology upgrades. To be eligible, businesses must have been operational for at least two years, maintain audited accounts, and show cash profits in the most recent audited financial results. Additionally, there should be no defaults to banks or financial institutions, ensuring financial discipline and credibility. The loan allows financing up to Rs. 50 crores, capped at 80% of the project cost, with a repayment period of up to 7 years and a 2-year moratorium.  

    Practice Next
    More Current Financial Awareness Questions

    Relevant for Exams:

    ask-question
    9