Current Affairs · Government Schemes and Financial Support
Consider the following statements regarding the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE): Statement I: The CGTMSE scheme covers both manufacturing and service sector enterprises, including retail trade, provided they meet the criteria for Micro and Small enterprises as per the MSMED Act 2006. Statement II: The maximum amount of credit facility eligible for guarantee cover has been raised to 500 lakh per borrower, and the guarantee cover for loans to women-led MSMEs is set at 85 percent of the amount in default. Statement III: Under the revised guidelines, the annual guarantee fee has been significantly reduced, starting from 0.37 percent per annum for smaller loans, which helps in reducing the overall cost of credit for MSMEs. Which of the following statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1I, II and III✓
- 2Only II and III
- 3Only I and II
- 4Only I
Correct answer
I, II and III
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Current Affairs?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Government Schemes and Financial Support MCQs →Want more practice questions on Government Schemes and Financial Support?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Current Affairs · Government Schemes and Financial Support