INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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MODERNIZATION OF PLANT AND MACHINERAY
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REPLACEMENT OD PLANT AND MACHINERAY
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RENOVATION OF PLANT AND MACHINERAY
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ALL THE ABOVE
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Detailed explanation-1: -The purpose of soft loan scheme is to encourage units to undertake . modernization of plant and machinery. replacement of plant and machinery.
Detailed explanation-2: -The objective of this scheme is to support the efforts of the management of the Non-Government aided institutions/non-grant-in-aid institutions for up-gradation and maintenance of infrastructural facilities for promoting conducive atmosphere for learning.
Detailed explanation-3: -Soft loans are characterised by low interest rates, long repayment terms with grace periods, and are supported by the FMF. It is for this reason that the allocation of soft loans is strictly regulated.
Detailed explanation-4: -The International Development Association (IDA) is a multinational financial institution providing aid to poor countries in the form of loans. It is also referred to as soft loan window of the World Bank.