Economics · Economy
Consider the following statements regarding the recently expanded Credit Guarantee Scheme for Startups (CGSS) and identify the correct ones: (1) The scheme was launched in 2022 to support eligible startups by providing guarantee coverage to lending institutions including NBFCs and SEBI-registered AIFs. (2) The maximum guarantee cover per borrower has been enhanced to ₹20 Crores from the earlier limit of ₹10 Crores under the transaction-based model. (3) The annual guarantee fee has been reduced to 1.5% for all startups, including those outside the 27 Champion Sectors.
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