Current Affairs · Government Schemes
A bank manager is evaluating a credit proposal for a new Micro Enterprise under the PMEGP scheme in an urban area. The project cost is 15 lakh for a service unit. The applicant belongs to the General Category and is willing to contribute 1.5 lakh from his own sources. Based on the scheme guidelines, what is the amount of Margin Money subsidy the bank should claim, and what will be the amount of the bank loan?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Subsidy 5.25 lakh; Bank Loan 8.25 lakh.
- 2Subsidy 1.5 lakh; Bank Loan 12.0 lakh.
- 3Subsidy 3.75 lakh; Bank Loan 11.25 lakh.
- 4Subsidy 2.25 lakh; Bank Loan 11.25 lakh.✓
Correct answer
Subsidy 2.25 lakh; Bank Loan 11.25 lakh.
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