Current Affairs · Government Schemes
Consider the following statements regarding the Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE): I. Both term loans and working capital facilities are eligible for guarantee cover. II. The guarantee cover under the scheme is automatically available once a Member Lending Institution (MLI) satisfies specified eligibility criteria and pays the requisite fees. III. The maximum credit cap eligible for guarantee cover under the scheme has been enhanced to 5 crore rupees. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2Only II
- 3Only II and III✓
- 4Only I and II
Correct answer
Only II and III
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