Current Affairs · Banking & MSME Policies
Regarding the credit guidelines for Micro, Small and Medium Enterprises (MSMEs), which of the following statements is/are correct? 1. MSMEs with a good credit track record are eligible for mandatory collateral-free loans up to ₹25 lakh. 2. Banks must mandatorily provide collateral-free advances up to ₹25 lakh to all PMEGP units irrespective of scheme limits. 3. The mandatory collateral-free lending limit for MSMEs was previously raised from ₹10 lakh to ₹20 lakh prior to subsequent enhancements. 4. Borrowers under collateral-free norms are strictly barred from voluntarily pledging assets as collateral.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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