Financial Literacy - Quiz 2

What is the main objective of the Stand Up India scheme?

• To facilitate bank loans between Rs. 10 lakh and Rs. 1 crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise.

• To generate employment opportunities in both rural and urban areas for the MSMEs through setting up of new self-employment projects in the country.

• To build a strong eco-system for nurturing innovation and Startups in the country.

• To make MSMEs digitally empowered and motivate them to adopt Information and Communication (ICT) tools and applications in their production & business processes.

What is the purpose of the PM SVANidhi scheme?

• To set up a network of technology centers and incubation centers to accelerate entrepreneurship and promote innovation in the MSME sector.

• To provide financial assistance to micro and small enterprises for availing a loan up to Rs. 200 lakh without any collateral or third-party guarantee.

• To facilitate working capital loan up to Rs 10,000 to street vendors for sustaining and scaling up their businesses.

• To provide collateral free loans up to Rs. 10 lakhs to non-corporate, non-farm small/micro enterprises.

What is the Trade Receivables Discounting System (TReDS) designed for?

• Setting up physical infrastructure with CFCs, raw material banks, and latest machines for traditional industry artisans.

• Providing financial assistance to micro and small enterprises for availing a loan up to Rs. 200 lakh without any collateral or third-party guarantee.

• Facilitating the financing/discounting of trade receivables of MSMEs through multiple financiers.

• Generating employment opportunities in both rural and urban areas for the MSMEs through setting up of new self-employment projects.

What is the objective of the ASPIRE scheme?

• To provide assistance and support to traditional industry artisans to promote cluster development and provide them sustainable employment.

• To make MSMEs digitally empowered and motivate them to adopt Information and Communication (ICT) tools and applications in their production & business processes.

• To facilitate loans starting from Rs. 10 lakh for MSME undertaking modernization, technology upgradation, or other projects.

• To set up a network of technology centers and incubation centers to accelerate entrepreneurship and promote innovation in the MSME sector.

What is the purpose of the Digital MSME scheme?

• To make MSMEs digitally empowered and motivate them to adopt Information and Communication (ICT) tools and applications in their production & business processes.

• To set up a network of technology centers and incubation centers to accelerate entrepreneurship and promote innovation in the MSME sector.

• To provide collateral free loans up to Rs. 10 lakhs to non-corporate, non-farm small/micro enterprises.

• To facilitate working capital loan up to Rs 10,000 to street vendors for sustaining and scaling up their businesses.

What is the objective of the PMEGP scheme?

• To generate employment opportunities in both rural and urban areas for the MSMEs through setting up of new self-employment projects in the country.

• To facilitate loans starting from Rs. 10 lakh for MSME undertaking modernization, technology upgradation, or other projects.

• To set up a network of technology centers and incubation centers to accelerate entrepreneurship and promote innovation in the MSME sector.

• To provide financial assistance to micro and small enterprises for availing a loan up to Rs. 200 lakh without any collateral or third-party guarantee.

What is the purpose of the CGTMSE scheme?

• To set up a network of technology centers and incubation centers to accelerate entrepreneurship and promote innovation in the MSME sector.

• To reassure the lender that, in the event of a MSE unit failing to discharge its liabilities, the Guarantee Trust would make good the loss incurred by the lender.

• To provide financial assistance to micro and small enterprises for availing a loan up to Rs. 200 lakh without any collateral or third-party guarantee.

• To facilitate working capital loan up to Rs 10,000 to street vendors for sustaining and scaling up their businesses.

What is the objective of the SFURTI scheme?

• To generate employment opportunities in both rural and urban areas for the MSMEs through setting up of new self-employment projects in the country.

• To provide assistance and support to traditional industry artisans to promote cluster development and provide them sustainable employment.

• To facilitate loans starting from Rs. 10 lakh for MSME undertaking modernization, technology upgradation, or other projects.

• To set up a network of technology centers and incubation centers to accelerate entrepreneurship and promote innovation in the MSME sector.

What is the purpose of the MSE Sentiment Index (CriSidEx)?

• To facilitate working capital loan up to Rs 10,000 to street vendors for sustaining and scaling up their businesses.

• To provide financial assistance to micro and small enterprises for availing a loan up to Rs. 200 lakh without any collateral or third-party guarantee.

• To set up a network of technology centers and incubation centers to accelerate entrepreneurship and promote innovation in the MSME sector.

• To measure MSE business sentiment on a scale of 0 (extremely negative) to 200 (extremely positive).

What is the objective of the SMILE Scheme?

• To make MSMEs digitally empowered and motivate them to adopt Information and Communication (ICT) tools and applications in their production & business processes.

• To facilitate loans starting from Rs. 10 lakh for MSME undertaking modernization, technology upgradation, or other projects.

• To set up a network of technology centers and incubation centers to accelerate entrepreneurship and promote innovation in the MSME sector.

• To generate employment opportunities in both rural and urban areas for the MSMEs through setting up of new self-employment projects in the country.