Credit to Micro, Small and Medium Enterprises

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46. What is the maximum loan tenure for women entrepreneurs under this scheme?

a) 3 years

b) 5 years

c) 7 years

d) 10 years

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47. Which document is required to be submitted while applying for a loan under this scheme?

a) Income tax returns of the last 5 years

b) Business plan

c) Identity proof of the borrower

d) Audited financial statements of the enterprise for the last 3 years

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48. What is the maximum loan amount that can be availed by minority community enterprises under this scheme?

a) Rs. 5 lakh

b) Rs. 10 lakh

c) Rs. 25 lakh

d) Rs. 50 lakh

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49. Which term refers to loans given to Micro, Small and Medium Enterprises for the purchase of machinery, equipment, or vehicles?

a) Working capital loans

b) Term loans

c) Export credit

d) Asset finance

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50. Under the Credit to Micro, Small and Medium Enterprises scheme, what is the applicable processing fee for loans availed by women entrepreneurs?

a) 0.25% of the loan amount

b) 0.50% of the loan amount

c) 1% of the loan amount

d) 2% of the loan amount

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