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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


Team Careers360 18th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

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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