Module: General Practice
Q79: The PM Vishwakarma Scheme provides collateral-free enterprise development loans to traditional artisans. What is the maximum loan amount available in the Second Tranche, and what is the fixed concessional interest rate charged to the beneficiary?
✅ Correct Answer: B
The Second Tranche loan limit is 2 Lakh rupees, and the interest rate is fixed at 5 percent per annum.
The scheme offers a total credit support of 3 Lakh rupees.
The First Tranche offers 1 Lakh rupees with a repayment tenure of 18 months.
The Second Tranche offers 2 Lakh rupees with a repayment tenure of 30 months.
The second tranche is available only to skilled beneficiaries who have repaid the first tranche and maintained a standard loan account.
The Government of India provides an interest subvention cap of 8 percent to banks to maintain the borrower's effective rate at 5 percent.
The scheme offers a total credit support of 3 Lakh rupees.
The First Tranche offers 1 Lakh rupees with a repayment tenure of 18 months.
The Second Tranche offers 2 Lakh rupees with a repayment tenure of 30 months.
The second tranche is available only to skilled beneficiaries who have repaid the first tranche and maintained a standard loan account.
The Government of India provides an interest subvention cap of 8 percent to banks to maintain the borrower's effective rate at 5 percent.