Current Affairs · Government Schemes
Regarding the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) introduced to support equipment loans, which of the following statements is/are correct? 1. Scheduled Commercial Banks (SCBs), All India Financial Institutions (AIFIs), and Non-Banking Finance Companies (NBFCs) qualify as Member Lending Institutions (MLIs) under this scheme. 2. The Reserve Bank of India (RBI) serves as the implementing authority for the MCGS-MSME scheme. 3. Eligible MSMEs require a valid Udyam Registration Number and must maintain a non-NPA status to avail benefits.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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Both 1 and 3
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