What is the primary function of the Trade Receivables Discounting System (TReDS) platform as envisioned by the Reserve Bank of India for MSMEs?

The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is a cornerstone scheme for MSME financing. Which of the following statements correctly describes its features and applicability? 1. The CGTMSE scheme is only applicable for term loans provided to Micro and Small Enterprises, excluding working capital facilities. 2. The scheme provides a maximum guarantee cover of up to 85 percent of the credit facility, depending on the category of the borrower and the loan amount. 3. The guarantee cover is available for both new and existing Micro and Small Enterprises, provided the loan is extended without collateral and third-party guarantee. 4. The maximum amount of loan for which a single eligible borrower can be covered under the scheme is Rupees 200 Lakh (2 Crore).

Consider the following statements regarding the operational guidelines for a Cluster-Based Approach in MSME Financing: I. The bank must appoint a dedicated Cluster Head or Cluster Manager who acts as the single point of contact for MSMEs in the cluster. II. The bank is required to mandatorily adopt advanced technology solutions such as real-time GPS asset tracking for all cluster loans. III. The bank should develop internal expertise to offer non-financial services (e.g., training, consultancy) along with financial products to improve the health of the cluster. Which of the statements given above is/are correct?