What amount of subsidized loan (up to) is provided for the establishment of…
2022
What amount of subsidized loan (up to) is provided for the establishment of new enterprises under the Mukhyamantri Laghu Udyog Protsahan Yojana in Rajasthan?
- A.
₹ 10 Crore
- B.
₹ 7 Crore
- C.
₹ 5 Crore
- D.
₹ 2 Crore
Attempted by 5 students.
Show answer & explanation
Correct answer: A
The Mukhyamantri Laghu Udyog Protsahan Yojana (MLUPY), launched by the Government of Rajasthan, provides subsidised bank loans to set up new enterprises. For new manufacturing and service-sector enterprises the maximum loan is up to ₹10 crore (trading units are capped at ₹1 crore). The state bears an interest subvention of 5% to 8%, slabbed by loan size — 8% up to ₹25 lakh, 6% from ₹25 lakh to ₹5 crore, and 5% from ₹5 crore to ₹10 crore. Hence the correct answer is ₹10 Crore.