During the Union Budget for 2025-26, it was announced that the government will introduce a Rs _____ crores term loan scheme.
Show answer & explanation
Correct answer: C
Explanation
As announced in the Union Budget 2025-26, the government announced the launch of a term loan scheme for up to ₹2 crore to promote micro, small, and medium enterprises (MSMEs).
Budget 2025-26: MSME Term Loan Scheme
Loan Limit: Term loans up to ₹2 crore will be provided to micro and small enterprises for purchasing machinery and equipment without any collateral.
Credit Guarantee: Under this scheme, the government has launched a new credit guarantee scheme, which will facilitate lending by banks.
Objective: The main objective of this scheme is to help Indian MSMEs expand their manufacturing capacity with modern technology and machinery.