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Government Sponsored Schemes
What is the primary objective of Government Sponsored Schemes in banking?
Government Sponsored Schemes aim to provide financial assistance to weaker sections and priority sector borrowers who lack access to formal credit, thereby promoting inclusive economic development.
What is the maximum loan amount under the PM SVANidhi scheme for street vendors?
Rs. 50,000 in the third tranche of the scheme.
Which central scheme provides collateral-free loans up to Rs. 10 lakh to micro and small enterprises?
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) provides collateral-free credit guarantee cover to banks lending up to Rs. 10 lakh (extendable up to Rs. 2 crore) to MSE borrowers.
What is the full form of CGTMSE and what does it support?
Credit Guarantee Fund Trust for Micro and Small Enterprises; supports collateral-free loans.
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