Question
Under which banks and non-banking financial companies
provide credit up to Rs 10 lakh for entrepreneurial activities to small business units?Solution
PM Mudra Yojana was launched in April 2015, under which banks and non-banking financial companies provide credit up to Rs 10 lakh for entrepreneurial activities to small business units, including for new enterprises in sectors such as manufacturing, trading, services and activities allied to agriculture. Rs 36,578 crore loans were sanctioned to 5.4 million borrowers under the PM Mudra Yojana (PMMY) in the first two months of the financial year. Of this, Rs 35,598 crore was disbursed to borrowers of all three categories-Shishu, Kishore and Tarun. A total of Rs 19.22 trillion loans have been sanctioned to 353 million borrowers under the Mudra scheme in seven years since its inception.
Schedule III of the Companies Act, 2013, prescribes:
According to The Companies Act, 2013 ‘Government Company’ means any company in which not less than ________ of the paid-up share capital is held by ...
Which of the following is NOT an advantage of Bonus issue by a company?
What is the concessional rate of interest applicable under the Differential Rate of Interest (DRI) Scheme?
The insurer leases 15 branch premises (3–5 years) with renewal options it is reasonably certain to exercise. Rent has fixed and variable (sales-linked...
A company expected material cost to be ₹50 per unit for 1,000 units. Actual cost was ₹55 per unit for 950 units. What is the material cost variance?
In insurance accounting, what do insurance companies set aside to account for potential claims that may arise after the closing date but within the pol...
The Debt Equity ratio of a company is 1.6. Which of the following events is likely to improve the debt equity ratio of the company?
Match the following:
A company has a paid-up share capital of ₹80 lakh and free reserves of ₹120 lakh. It plans to buy back 25% of its paid-up equity shares. The face va...
Relevant for Exams:
