Credit to Micro, Small and Medium Enterprises

21. What is the interest rate charged on loans availed by medium enterprises under this scheme?

a) 7%

b) 9%

c) 11%

d) 13%

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22. Which type of enterprises are eligible for credit support under the minority community category?

a) Micro enterprises owned and operated by minority communities

b) Small enterprises owned and operated by minority communities

c) Medium enterprises owned and operated by minority communities

d) All of the above

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23. What is the maximum loan amount that can be availed by women entrepreneurs under this scheme?

a) Rs. 5 lakh

b) Rs. 10 lakh

c) Rs. 25 lakh

d) Rs. 50 lakh

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24. Which term refers to loans given to Micro, Small and Medium Enterprises to meet their day-to-day operational expenses?

a) Working capital loans

b) Term loans

c) Export credit

d) Asset finance

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25. What is the eligibility criterion for enterprises under the Credit to Micro, Small and Medium Enterprises scheme?

a) Minimum 5 years of operation

b) Minimum 3 years of operation

c) Minimum 1 year of operation

d) No minimum years of operation required

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