2020
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Rs 1 trillion
|
|
|
Rs 2 trillion
|
|
|
Rs 4 trillion
|
|
|
Rs 5 trillion
|
Detailed explanation-1: -Emergency Credit Line Guarantee Scheme (ECLGS) has delivered additional credit to more than 130 lakh MSMEs. The ECLGS will be extended up to March 2023 expanding the guarantee cover by INR 50, 000 crore to a total cover of INR 5 Lakh Crore.
Detailed explanation-2: -According to these provisions, a buyer is liable to pay a compounded fine, if he/she fails to make a payment to the supplies within 45 days from the day of acceptance of the goods/service. The fine is compounded monthly on the amount at three times the bank rate notified by the Reserve Bank of India (RBI).
Detailed explanation-3: -Equity Infusion For MSMEs Through Fund of Funds MSMEs are facing a severe shortage of equity. The Fund of Funds provides equity funding for MSMEs, which have growth potential and viability. This scheme is expected to facilitate equity financing of Rs. 50, 000 crore in the MSME Sector.