Question : As of October 2019, what is the maximum amount of loan granted by a scheduled commercial bank that is covered under the Credit Guarantee Fund Scheme for Micro and Small Enterprises?
Option 1: INR 150 lakh
Option 2: INR 200 lakh
Option 3: INR 50 lakh
Option 4: INR 100 lakh
Correct Answer: INR 200 lakh
Solution : The correct option is INR 200 lakh .
The maximum amount of loan granted by a scheduled commercial bank is INR 200 lakh.
The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE) in India is a government-backed scheme that aims to facilitate credit flow to micro and small enterprises (MSEs) by providing a credit guarantee to financial institutions. The scheme covers term loans and working capital loans extended to eligible MSEs.
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