ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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tariff
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subsidy
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quota
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standard
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Detailed explanation-1: -Small Industries Development Bank of India (SIDBI) governs this scheme. The loan granted under this scheme can range from Rs. 10 lakhs to Rs. 1 crore.
Detailed explanation-2: -The term subsidy refers to the financial assistance in the form of discount or monetary grants by the Central government to public entities or private institutions. The objective is to make the products offered by these institutions affordable for public consumption.
Detailed explanation-3: -Under this MSME loan subsidy scheme, eligible firms can get an interest relief of two percent per annum on their outstanding fresh/incremental term loans or working capital loans during the period for which the scheme is active.
Detailed explanation-4: -Credit Linked Capital Subsidy Scheme (CLCSS) This scheme provides 15% subsidy for additional investment up to Rs. 1 crore for technology upgradation by MSMEs. Technology upgradation means induction of state-of-the-art or near state-of-the-art technology.