Module: General Practice
Q48: Consider the following statements regarding the "Margin Money" requirements under the Stand-Up India Scheme:
The scheme envisages a margin money requirement of up to 15% of the project cost.
The borrower is required to bring in a minimum of 10% of the project cost as their own contribution.
The remaining margin money (gap) can be provided through convergence with other Central or State Government schemes.
Which of the statements given above are correct?
The borrower is required to bring in a minimum of 10% of the project cost as their own contribution.
The remaining margin money (gap) can be provided through convergence with other Central or State Government schemes.
Which of the statements given above are correct?
✅ Correct Answer: D
🎯 Quick Answer:
All statements (1, 2, and 3) are correct.2. Own Contribution: The borrower must pay at least 10% from their own pocket.
3. Convergence: If the scheme requires 15% margin and the borrower pays 10%, the remaining 5% can come from state subsidies or other support schemes.