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    Question

    Recently a scheme was launched by the Small Industrial

    Development Bank of India SIDBI Assistance to Re-Energize Capital Investments by SMEs (ARISE) which was valid upto 31 March 2022, what were the key points of the scheme?
    A Loan upto 1 crore with a fixed deposit of 20% Correct Answer Incorrect Answer
    B Loan upto 2 crore with a fixed deposit of 10% Correct Answer Incorrect Answer
    C Loan upto 3 crore with a fixed deposit of 25% Correct Answer Incorrect Answer
    D Loan upto 2 crore with a fixed deposit of 20% Correct Answer Incorrect Answer
    E Loan upto 3 crore with a fixed deposit of 15% Correct Answer Incorrect Answer

    Solution

    Under the SIDBI -ARISE Scheme, up to Rs.3 Crore are provided for the borrowers based on the fixed deposit of 25% a maximum. It will be a Term Loan. For this the interest rate was 5.50% to 6.80% per annum for the first year. The aim of the scheme was to support new and existing SMEs for purchasing growth opportunities.

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