Current Affairs · Government Schemes
A support scheme was launched to strengthen micro, small, and medium enterprises (MSMEs) through credit facilitation. Consider the following statements with respect to the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE): 1. It was set up in 2000 by the Ministry of MSME and SIDBI. 2. The scheme provides collateral-free credit to micro and small enterprises. 3. The maximum loan amount covered under the scheme has been increased to Rs 5 crore. Which of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3✓
- 22 and 3 only
- 31 and 3 only
- 41 and 2 only
Correct answer
1, 2 and 3
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