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Under the Seed Fund Scheme, how are EMIs structured for loans above Rs. 5 Lakhs?

ARepayment in 24 EMIs

BRepayment in 36 EMIs

CRepayment in 12 EMIs

DRepayment in 48 EMIs

Answer:

B. Repayment in 36 EMIs

Read Explanation:

Benefits of Scheme

  • Seed Fund of Rs.15 Lakhs at a subsidised interest rate of 6% per annum.

  • Moratorium 12 months

  • Repayment in 24 EMIs for loans up to Rs.5 Lakhs and 36 EMIs for loans above Rs.5 Lakhs


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