Current Affairs · Government Schemes and Banking
Consider the following features of the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0): I. It is managed by the National Credit Guarantee Trustee Company Limited (NCGTC). II. It provides 100% guarantee coverage to all categories of MFIs, irrespective of size. III. It was launched with a maximum validity till 30 June 2026 or until ₹20,000 crore of loans are guaranteed. IV. It caps the interest rate on loans to MFIs at EBLR or MCLR plus 2%. V. It is implemented under the Department of Expenditure. How many of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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Correct answer
Only three
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