Current Affairs · Government Schemes

With reference to the Mutual Credit Guarantee Scheme for MSMEs (MCGS–MSME) introduced by the Government of India, consider the following statements: I. The scheme facilitates collateral-free credit support to Micro, Small and Medium Enterprises through a credit guarantee mechanism. II. Under the scheme, the National Credit Guarantee Trustee Company Limited (NCGTC) acts as the implementing agency responsible for operationalising the guarantee framework. III. Credit obtained under the scheme is restricted solely to meeting short-term operational expenses of MSMEs. Which of the statements given above are correct?