Government Sponsored Schemes
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
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.
What is the full form of PMEGP and which ministry administers it?
PMEGP stands for Prime Minister's Employment Generation Programme, administered by the Ministry of Micro, Small and Medium Enterprises (MoMSME) through KVIC, Khadi Boards, and DICs.
Under PMAY Urban, what is the maximum subsidy period for EWS/LIG beneficiaries?
20 years loan tenure with interest subsidy under CLSS component.
Under PMEGP, what is the maximum project cost for manufacturing units?
Under PMEGP, the maximum project cost for manufacturing units is Rs. 50 lakh, and for service/business units it is Rs. 20 lakh, with subsidy ranging from 15% to 35% depending on category and location.
What is the Kishore loan category under MUDRA scheme?
Loans from Rs. 50,001 to Rs. 5 lakh for growing enterprises.
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