2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Pradhan Mantri Awaas Yojana
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NABARD
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Kisan Credit Card
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Skill India
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Detailed explanation-1: -The product- Structured Finance and Partial Guarantee Programme to NBFC-MFIs -entails providing partial guarantee on pooled loans extended to small and mid-sized micro finance institutions (MFIs), a release said.
Detailed explanation-2: -National Bank for Agriculture and Rural Development (NABARD) has introduced ‘Structured Finance and Partial Guarantee Programme to NBFC-MFIs. ‘
Detailed explanation-3: -Generally, insurance companies give guarantee to back the debt of large corporations (the borrower) in payments to the market (the lender).
Detailed explanation-4: -A credit guarantee scheme provides third-party credit risk mitigation to lenders through the absorption of a portion of the lender’s losses on the loans made to SMEs in case of default, typically in return for a fee.
Detailed explanation-5: -Objectives: The Credit Guarantee Scheme for Micro and Small Enterprises (CGS) was launched by the Government of India (GoI) to make available collateral-free credit to the micro and small enterprise sector. Both the existing and the new enterprises are eligible to be covered under the scheme.