2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Gujarat
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Bihar
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Punjab
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Haryana
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Detailed explanation-1: -➢ In a bid to help people affected in the wake of corona virus outbreak in our country, Union Bank of India has introduced Union Covid 19 Personal Loan Scheme (UCPLS) to meet consumption needs/medical expenses and short term liquidity mis-match. ELIGIBILITY.
Detailed explanation-2: -The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the enhancement in the limit of Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 50, 000 crore from Rs. 4.5 Lakh crore to Rs.
Detailed explanation-3: -The scheme was initially announced in May 2020 and then over a period of time, the Finance Ministry has expanded the scope of the ECLGS. Recently (May 2021), ECLGS 4.0 has been introduced which provides 100 percent guarantee cover to loans up to Rs.
Detailed explanation-4: -The Emergency Credit Line Guarantee Scheme was introduced as a part of the Indian Government’s COVID-19 financial relief package. Under this scheme, financial institutions in India provide emergency loan facilities to various companies and MSMEs that have suffered during this pandemic.