Which of the following entity gives guarantee to MSMEs for loan under the emergency credit line guarantee scheme (ECLGS)?
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 of the following is a thermosetting plastic?
Who is the author of the novel “I Shall Not Hear the Nightingale”?
Which Indian institute's students launched the first electric formula racing car, named 'RF23', during an event on November 28, 2022?
Which of the following functions cannot be performed by NBFCs?
Which entity is the sole nationalized reinsurance company in the Indian insurance market?
In which Indian state is the Pench Tiger Reserve (PTR) located, recently designated as India's first Dark Sky park?
Who has been appointed as honorary adviser for BRICS CCI in July 2020?
As of November 2023, India set to launch its first X-Ray Polarimeter Satellite. Which organization will launch this satellite?
The origin of Indian music can be traced to which of the following Vedic Samhitas?
Which of the following is the skill development schemes accessible to the target groups - Backward Classes, Scheduled Castes and Safai Karamcharis? (st...