Consider the following statements:
1. Loan Guarantee Scheme for Covid affected sectors (LGSCAS) with a Corpus of Rs. 2,000 crore was launched in 2021 for providing credit guarantee coverage to lending institutes for loans to projects under health care sector
2. The scheme provides credit guarantee of 50 percent to all greenfield projects and 75 percent to all brownfield projects to be set up at the centres other than metropolitan cities.
3. For aspirational districts, the guarantee cover will be 50 percent for both brownfield expansion & greenfield projects.
4. For aspirational districts the guarantee cover will be 75 percent for both brownfield expansion & greenfield projects.
Which of the statements given above is/are correct?
Loan Guarantee Scheme Details Verified
Statement 1 is correct. The Loan Guarantee Scheme for Covid affected sectors (LGSCAS) was indeed launched around 2021. It featured a corpus of Rs. 2,000 crore aimed at providing credit guarantee coverage to lending institutions for loans directed towards projects within the healthcare sector, supporting recovery and growth post-Covid.
Aspirational Districts Guarantee Cover
Statement 4 is correct. For projects located in aspirational districts, the LGSCAS provides a significant guarantee cover. Specifically, it offers a 75 percent guarantee for both greenfield projects (new projects) and brownfield expansion projects (expanding existing facilities).
Incorrect Scheme Provisions
Statements 2 and 3 are incorrect. Statement 2 misrepresents the general credit guarantee percentages and conditions applicable outside metropolitan areas. Statement 3 provides an incorrect guarantee percentage (50 percent) for aspirational districts, which contradicts the actual provision detailed in statement 4.
Therefore, only statements 1 and 4 accurately describe aspects of the LGSCAS.
Important Questions from Government Policies and Schemes
Which of the following statements about ‘SHRESHTA’ scheme, launched recently by the Government of India, is/are correct?
1. This scheme is for residential education for students in high school in targeted areas.
2. It provides for high quality education for meritorious but poor Scheduled Caste students.
Select the correct answer using the code given below.
On 14 th January, 2022, which one of the following ministries has organized a global Surya Namaskar Demonstration programme?
Bharatmala Pariyojana is related to
Which of the following statements about Krishi Kalyan Cess (KKC) is/are correct?
1) KKC is calculated in the same way as Service Tax is calculated.
2) The current rate of KKC is 0.50%
3) KKC is similar to the KKS (Krishi Kalayn Surcharge)
Select the correct answer using the code given below:Which of the following is/are the component/components of the Integrated Power Development Scheme launched by the Government of India recently?
1. Strengthening of sub-transmission and distribution networks in the urban areas
2. Metering of distribution transformers/feeders/consumers in the rural areas
Select the correct answer using the code given below:
