- 05/27/2019 at 6:45 pm #1006471EduGorillaKeymasterSelect Question Language :
Direction: Read the given passage and answer the question that follow based on the information mentioned in it.
The Government of India has introduced several reforms to liberalize, regulate and enhance this industry. The Government and Reserve Bank of India (RBI) have taken various measures to facilitate easy access to finance for Micro, Small and Medium Enterprises (MSMEs). These measures include launching Credit Guarantee Fund Scheme for Micro and Small Enterprises, issuing guideline to banks regarding collateral requirements and setting up a Micro Units Development and Refinance Agency (MUDRA). With a combined push by both government and private sector, India is undoubtedly one of the world’s most vibrant capital markets. In 2017,a new portal named ‘Udyami Mitra’ has been launched by the Small Industries Development Bank of India (SIDBI) with the aim of improving credit availability to Micro, Small and Medium Enterprises’ (MSMEs) in the country. India has scored a perfect 10 in protecting shareholders’ rights on the back of reforms implemented by Securities and Exchange Board of India (SEBI).
When did Government of India issue minimum FDI capital requirement of US$ 20 million for unregistered /exempt financial entities engaged in ‘fund based activities?’
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