Current Affairs · Government Schemes
Which of the following statements is correct regarding the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSMEs)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The scheme is being implemented by the National Credit Guarantee Trustee Company Limited (NCGTC).✓
- 2The funds accessed under this scheme can only be used for meeting operational costs.
- 3Only Scheduled Commercial Banks are eligible to extend loans under this scheme.
- 4It enables MSMEs to avail collateral-free loans up to Rs 1,000 crore.
Correct answer
The scheme is being implemented by the National Credit Guarantee Trustee Company Limited (NCGTC).
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