Indian Polity · MSME Schemes
In the context of the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme, which of the following statements accurately reflects the maximum credit limit covered and the extent of guarantee coverage for a new Micro Enterprise located in the North East Region?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Maximum limit 1 crore; Coverage up to 90 percent for all units regardless of location.
- 2Maximum limit 5 crore; Coverage up to 75 percent for general category and 85 percent for units in NER.✓
- 3Maximum limit 5 crore; Coverage up to 80 percent for women entrepreneurs and 85 percent for units in NER.
- 4Maximum limit 2 crore; Coverage up to 75 percent of the amount in default.
Correct answer
Maximum limit 5 crore; Coverage up to 75 percent for general category and 85 percent for units in NER.
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