BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

ENTREPRENEURIAL DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The moratorium period for repayment of loan under Stand up scheme is
A
10 months
B
8 months
C
18 months
D
16 months
Explanation: 

Detailed explanation-1: -Repayment-The loan is repayable in 7 years with a maximum moratorium period of 18 months. Working Capital-For drawal of Working capital upto 10 lakh, the same may be sanctioned by way of overdraft. Rupay debit card to be issued for convenience of the borrower.

Detailed explanation-2: -Repayment. The loan is repayable in seven years with a maximum moratorium period of 18 months.

Detailed explanation-3: -Standup India Under this scheme, loans ranging between Rs. 10 lakh and Rs. 1 crore can be availed. The repayment of loans taken under this scheme can be done in seven years while the maximum moratorium period allowed is 18 months.

Detailed explanation-4: -The Stand Up India scheme aims at providing people belonging to the scheduled caste or scheduled tribe or women of the country a loan between Rs. 10 lakhs to Rs. 1 crore, based on their requirement. The aim is to promote entrepreneurship among them.

Detailed explanation-5: -Amount or percentage of subsidy: Towards organizing the awareness programmes, the Government of India will provide financial support to the extent of 75% of the actual expenditure, subject to maximum Rs.75, 000/-per programme (Average cost of one programme is expected to be Rs. 80, 000).

There is 1 question to complete.