In a major relief to the medium and small enterprises sector the RBI has announced that GST registered MSME borrowers will get a further.....day window to pay dues if their accounts were standard as on August 31st 2017.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

In a major relief to the medium and small enterprises sector the RBI has announced that GST registered MSME borrowers will get a further____day window to pay dues if their accounts were standard as on August 31st 2017.

A	30 days
B	150 days
C	90 days
D	180 days

Explanation:

Detailed explanation-1: -The Reserve Bank of India (RBI) has doubled the exposure threshold for MSMEs looking to apply for restructuring their business. The limit was earlier locked in at ₹25 crore, but has been expanded to ₹50 crore in the latest iteration of the monetary policy.

Detailed explanation-2: -a small enterprise, where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees; and.

Detailed explanation-3: -It took the lead to put in place and administer a scheme to guarantee institutional loans to small-scale industries and began refinancing commercial banks’ lending to this sector. at concessional rates of interest.

Detailed explanation-4: -All bank loans to MSMEs conforming to the above guidelines qualify for classification under priority sector lending.

There is 1 question to complete.