Question

In 2004, the Government increased the composite loan limit for MSEs to Rs. _____ crore.
1
2
3
4​

Answer 1

Answer:

2

Explanation:

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Answer 2

Answer:

In 2004, the Government increased the composite loan limit for MSEs to Rs. 1 crore.

Explanation:

• A composite loan limit of Rs.1 crore can be sanctioned by banks to enable the MSE entrepreneurs to avail of their working capital.
• As announced in the Package for MSEs, the corpus is to be raised to Rs.2500 crore by the end of 11th Plan. Eligible Lending Institutions.
• Government of India enacted MSMED act 2006 with an aim to enable MSME ... Jan Dhan Yojana (PMJDY) loan amount has been raised to Rs.10,000/- and age.

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