- LGSCAS was launched in 2021 with a corpus of ₹50,000 crore. - It provides credit guarantees for loans to healthcare projects. - Guarantee percentages vary based on project type (greenfield/brownfield) and location (aspirational/non-aspirational districts). - In aspirational districts, guarantee is 75% for both greenfield and brownfield. - In non- aspirational districts, guarantee is 50% for greenfield and 75% for brownfield.
Consider the following statements: Loan Guarantee Scheme for Covid affected sectors (LGSCAS) with a Corpus of Rs. 2,000 crore was launched in 2021 for providing credit guarantee coverage to lending institutes for loans to projects under health care sector. The scheme provides credit guarantee of 50 percent to all greenfield projects and 75 percent to all brownfield projects to be set up at the centres other than metropolitan cities. For aspirational districts, the guarantee cover will be 50 percent for both brownfield expansion & greenfield projects. For non-aspirational districts the guarantee cover will be 75 percent for both brownfield expansion & greenfield projects. Which of the statements given above is/are correct?
Asked in HAS Prelims 2022 · Topic: Money & Banking (Non-Banking Financial Companies (NBFCs): Types, Regulation, and Significance)
More Economic Development questions
- On which date, the Ombudsman Scheme for the Non-Banking Financial Companies (NBFC), 2018 was effectively introduced by Reserve Bank of India ?
- Sishu, Kishore and Tarun are the schemes of :
- The Insurance Regulatory and Development Authority (IRDA) is which type of body ?
- The Insurance Regulatory and Development Authority (IRDA) Act was passed in the year
- Under which agreement International Monetary Fund was established ?
- Which one of the following World Bank affiliates, provides assistance for poverty alleviation to the world’s poorest countries ?
- A non-banking financial company cannot
- With reference to the Indian Renewable Energy Development Agency Limited (IREDA), which of the following statements is/are correct? 1. It is a Public Limited Government Company. 2. It is a Non-Banking Financial Company. Select the correct answer using the code given below.