Current Affairs · Government Schemes and Initiatives
Consider the following statements regarding the expanded Credit Guarantee Scheme for Startups: 1. The scheme provides guarantee coverage to eligible member institutions for funding provided by them to finance eligible startups. 2. The maximum guarantee cover per borrower has been increased from ₹10 Crores to ₹25 Crores. 3. The Annual Guarantee Fee has been reduced to 1% per annum from 2% per annum for startups in all sectors. 4. Guarantee is provided up to 85% of the amount in default for loans up to a certain threshold under transaction-based guarantee cover. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12 and 3 only
- 21 and 4 only✓
- 31 and 3 only
- 42, 3 and 4 only
Correct answer
1 and 4 only
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