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Under the Pradhan Mantri Mudra Yojana (PMMY), collateral-free institutional credit up to Rs. 10 lakh is provided by Member Lending Institutions (MLIs) i.e. Scheduled Commercial Banks (SCBs), Regional Rural Banks (RRBs), Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs). Any individual, who is otherwise eligible to take a loan and has a business plan for small business enterprise can avail loan under the Scheme. S/he can avail loans for income generating activities in the manufacturing, trading, services sector and also for activities allied to agriculture across three loan products, viz. Shishu (loans up to Rs. 50,000), Kishore (loans above Rs. 50,000 and up to Rs. 5 lakh) and Tarun (loans above Rs. 5 lakh and up to Rs. 10 lakh).
In India, RBI gives permission to an entity to act as authorized dealers (AD) in foreign exchange. Commercial Banks fall under which category of ADs?...
Which of the following ratios can help compare the operational efficiency of different entities?
The right but not the obligation to sell the underlying asset is called ________
Export/import to which of these countries cannot generally be settled through Asian Clearing Union mechanism?
Which organization has been selected as the National Monitoring and Implementing Unit (NMIU) for facilitating the implementation of the MSME Competitive...
An entrepreneur is setting up his new business. He purchases some equipment. He also takes insurance on the equipment for which the premium is paid for...
What does first ‘P’ in the security instrument PNCPS, stand for?
What is the term used to describe the issuance of securities, whether debt or equity, to a select group of investors such as banks, mutual funds, high n...
What was the revised economic growth forecast for India by the World Bank for FY 2024-25?
Which of the following can be used for risk shifting?
