Get Started with ixamBee
Start learning 50% faster. Sign in now
The vendors, availing loan under the scheme, are eligible to get an interest subsidy @ 7%. The interest subsidy amount will be credited into the borrower’s account quarterly. The PM SVANidhi scheme offers incentives in the form of: · interest subsidy @ 7% per annum on regular repayment of loan · cashback upto INR1200/- per annum on undertaking prescribed digital transactions · eligibility for enhanced next tranche of loans The scheme intends to facilitate collateral free working capital loans of up to INR10,000/- of one-year tenure, to approximately 50 lakh street vendors, to help resume their businesses in the urban areas, including surrounding peri-urban/rural areas. On timely or early repayment, the vendors will be eligible for the next loan with an enhanced limit of a maximum of 200% of the earlier loan, subject to a ceiling of ₹20,000. Eligible member lending institutions for the said scheme are: All Scheduled Commercial Banks, Regional Rural Banks (RRBs), Small Finance Banks (SFBs), Cooperative Banks, Non-Banking Finance Companies (NBFCs), Micro Finance Institutions (MFIs) & SHG Banks established in some States/UTs e.g. Stree Nidhi etc.
make full use of and derive benefit from a resource
Select the most appropriate meaning of the given Idiom.
WET BEHIND THE EARS
The paperwork was piled high, but she manages to beat the clock and finish it all.
His sudden resignation was a bolt from the blue for everyone in the office.
Select the correct meaning of the given idiom.
On a roll
After hearing the news, he was all ears for the rest of the conversation.
When Jake finally received his promotion, he felt on top of the world.
