2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Khadi and Village Industries Commission
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National Small Industries Corporation
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National Institute of Micro, Small and Medium Enterprises
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Small Industries Development Bank of India
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Detailed explanation-1: -HDFC Bank has signed a memorandum of understanding (MoU) with the National Small Industries Corporation (NSIC) for providing credit support to the micro, small and medium enterprise (MSME) sector.
Detailed explanation-2: -Subordinate Debt scheme for Stressed MSMEs was approved on 01.06. 2020. Under the scheme, banks provide promoters of stressed MSMEs with subordinate debt up to 15% of promoter’s stake or Rs. 75 lakh, whichever is lower to be infused as equity/quasi equity in the business.
Detailed explanation-3: -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-4: -Owing to the massive reach and networks, banks can guide MSMEs through right collaboration, business protection and knowledge sharing. In India, around 63 million Micro, Small and Medium Enterprises (MSMEs) employ more than 100 million people.