[Passage on a Union Government scheme for development and refinancing of micro unit enterprises, providing loans up to 10 lakh to non-corporate, non-farm, small/micro enterprises.] Identify the state…

Question

[Passage on a Union Government scheme for development and refinancing of micro unit enterprises, providing loans up to 10 lakh to non-corporate, non-farm, small/micro enterprises.] Identify the statement(s) which is/are correct with respect to the scheme. 1. Loan proposal should be only for setting up of new Micro business enterprises 2. There is no processing fee for loans up to Rs 50,000 3. Life insurance is mandatory for availing loans under the scheme 4. Loans available for purchase of Transport Vehicle / Tractors, tillers as well as two wheelers, in case applicant intends to use vehicle for commercial purposes

PYQPulse · Accepted Answer

B. Both 2 & 4

Answer: B. B. Both 2 & 4

Answer: B. B. Both 2 & 4