Current Affairs · Government Schemes
Consider the following statements regarding the Credit Guarantee Scheme for Startups (CGSS): 1. The maximum credit guarantee coverage limit per eligible borrower under the framework can extend substantially up to ₹10 crore or more based on parameters. 2. The institutional framework seeks to lower credit risk transaction costs for start-up ecosystems. 3. The scheme is operationalized through the National Credit Guarantee Trustee Company (NCGTC) or SIDBI for wide banking/NBFC coverage. 4. It forms a key pillar of the broader Startup India Action Plan launched by the Government. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, 3, and 4
- 21 and 3 only
- 32, 3, and 4 only
- 41, 2, and 4 only✓
Correct answer
1, 2, and 4 only
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