BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

ENTREPRENEURIAL DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
THE PURPOSE OF SOFT LOAN SCHEMES IS T ENCOURAGE UNITS TO UNDERTAKEN
A
MODERNIZATION OF PLANT AND MACHINERAY
B
REPLACEMENT OD PLANT AND MACHINERAY
C
RENOVATION OF PLANT AND MACHINERAY
D
ALL THE ABOVE
Explanation: 

Detailed explanation-1: -modernization of plant and machinery.

Detailed explanation-2: -The objective of this scheme is to support the efforts of the management of the Non-Government aided institutions/non-grant-in-aid institutions for up-gradation and maintenance of infrastructural facilities for promoting conducive atmosphere for learning.

Detailed explanation-3: -A soft loan is a loan with no interest or a below-market rate of interest. Also known as “soft financing” or “concessional funding, ” soft loans have lenient terms, such as extended grace periods in which only interest or service charges are due, and interest holidays.

Detailed explanation-4: -Soft Loan against Purchase order will be given on the same terms as the seed loan of Startup mission. i.e; simple interest at the rate of 6% per annum. The amount of loan is limited to 80% of the Purchase order and disbursement is as an advance against the milestone payment agreed by the client.

Detailed explanation-5: -Soft loans are usually provided by governments to projects they think are worthwhile. The World Bank and other development institutions provide soft loans to developing countries. This contrasts with a hard loan, which has to be paid back in an agreed hard currency, usually of a country with a stable, robust economy.

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