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September 01, 2015

Banking Awareness : MSME One Liners

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Hi I am Sharath Chandra. Here I am sharing One-Liners on Priority sector lending. Happy Reading :)

MSME ONELINERS


  • Wha is the Act for MSME----- Micro, Small and Medium Enterprises Development (MSMED) Act, 2006
  • A micro enterprise is an enterprise where investment in plant and machinery does not exceed -----25 lakh
  • A small enterprise is an enterprise where the investment in plant and machinery is-----25 lakh to 5 cr
  • A medium enterprise is an enterprise where the investment in plant and machinery---5 cr to 10 cr
  • A micro enterprise is an enterprise where the investment in equipment ------- does not exceed Rs. 10 lakh
  • A small enterprise is an enterprise where the investment in equipment-------10 lakh to 2 cr
  • A medium enterprise is an enterprise where the investment in equipment ------2 to 5 cr
  • Are there specialized bank branches for lending to the MSMEs------at least one specialized branch in each distric
  • How many such specialized branches for lending to MSMEs are there-------2887
  • How much upto Can the MSE borrowers get collateral free loans from banks----25 lakh
  • What is the definition of a sick unit MSME-------- enterprise remains NPA for three months or more
  • What is the option for MSEs for settlement of their NPAs---------One Time Settlement Scheme (OTS)
  • RSETIs acronym-----Rural Self Employment Training Institutes
  • FLC acronym----Financial Literacy Centres
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