Question: Vikas Abhaya scheme is launched by which of the following state governments?
(a) Karnataka
(b) Maharashtra
(c) Telangana
(d) Andhra Pradesh
Answer:(a)
Related facts:
- Karnataka VikasGrameen Bank (KVGB), has launched Vikas Abhaya ,a loan scheme to provide some relief to borrowers whose business activities are disrupted on account of the Covid-19 pandemic.
- This loan scheme will be an additional credit facility to the eligible existing micro, small and medium enterprise (MSME) borrowers.
- This scheme will help them tide over the current crisis and ensure continuity of viable business activity.
- The loan will be for the existing MSME customers who have been regular as on February 29.
- A maximum loan of up to Rs 1 lakh will be provided and no collateral security will be insisted upon.
- The loan is repayable within 36 months.