The Ministry of MSME, Government of India and SIDBI set up the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) with a view to facilitate flow of credit to the MSE sector without the need for collaterals / third party guarantees. The main objective of the scheme is that the lender should give importance to project viability and secure the credit facility purely on the primary security of the assets financed. The Credit Guarantee scheme (CGS) seeks to reassure the lender that, in the event of a MSE unit, which availed collateral - free credit facilities, failing to discharge its liabilities to the lender, the Guarantee Trust would make good the loss incurred by the lender up to 85% of the outstanding amount in default.
Which country is a member of only one of the following organizations SAARC or BIMSTEC?
Which of the following initiatives is associated with the Ministry of Cooperation?
Consider the following statements about Cess:
I) Cess is not a permanent source of revenue for the government.
II) Cess can be imposed on ...
In the Monetary Policy Review on February 8, 2017, RBI did not change which of the following key rates?
What economic indicator is derived by subtracting depreciation from the Gross National Product (GNP)?
An increase in savings in an economy typically leads to which of the following?
Atal Bhujal Yojna is being implemented in how many states?
The monetary policy is India is formulated by which of the following authority?
In the context of GST, what does an Inverted Duty Structure imply?
Which of the following statements is correct about the calculation of national income?
