New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Under the PM Vishwakarma Scheme, what is the maximum

    subvention provided by the government?
    A 5% Correct Answer Incorrect Answer
    B 7.5% Correct Answer Incorrect Answer
    C 8% Correct Answer Incorrect Answer
    D 9% Correct Answer Incorrect Answer
    E 10% Correct Answer Incorrect Answer

    Solution

    Collateral free 'Enterprise Development Loans' of upto Rs. 3 lakh in two tranches of Rs. 1 lakh and Rs. 2 lakh with tenures of 18 months and 30 months, respectively, at a concessional rate of interest fixed at 5%, with Government of India subvention to the extent of 8%. 

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