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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