Get Started with ixamBee
Start learning 50% faster. Sign in now
The ECLGS provides for the Guaranteed Emergency Credit Line (GECL) facility. The GECL is a loan for which 100% guarantee is provided by the National Credit Guarantee Trustee Company (NCGTC) to Member Lending Institutions (MLIs) - banks, financial institutes and NBFCs. · The loans are extended in the form of additional working capital term loan facility in case of banks and additional term loan facility in case of NBFCs to eligible Micro, Small and Medium Enterprises (MSMEs)/business enterprises and interested Pradhan Mantri Mudra Yojana (PMMY) borrowers. · First-time borrowers and Non-Performing Asset (NPA) accounts cannot raise funds under the scheme. · The tenor of loans provided under the GECL facility is four years from the date of disbursement. A moratorium period of one year on the principal amount is provided. · Interest rates of banks and financial institutions have been capped at 9.25% per annum, while NBFCs can lend at a maximum of 14% per annum.
Which country has agreed to import 500,000 tonnes of wheat from India?
The Prime Minister launched the Website and Mobile App “Samaveshi Vikaas” in the event organized to celebrate National Panchayati Raj Day in ______....
Under the “Economic Assistance Scheme”, India delivered almost 50 buses to which of these countries on its 75th Independence Day?
Prime Minister Shri Narendra Modi address the ____ Indian Science Congress (ISC) on 3rd January, 2023 at 10:30 AM via video conferencing.
Which award did ProPublica win in the 2024 Pulitzer Prizes for Journalism?
Almost 98% of Earth's crust is made up of eight elements. Which of the following does NOT figure among these elements?
Which scientific satellite did ISRO launch successfully on January 1, 2024, and what is its primary purpose?
CHIRU-2022 is a joint NAVAL exercise recently took place between?
Who has been named as the brand ambassador of Bandhan Bank in March 2025?
According to the data provided by the Reserve Bank of India, bank credit rose by 15 per cent year-on-year (YoY) in 2022-23 (FY23).What was the absolute ...
