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    Question

    Loans up to how much qualify as micro loans under the

    Credit Guarantee Fund for Micro Units (CGFMU)?
    A ₹5 lakh Correct Answer Incorrect Answer
    B ₹10 lakh Correct Answer Incorrect Answer
    C ₹15 lakh Correct Answer Incorrect Answer
    D ₹20 lakh Correct Answer Incorrect Answer
    E ₹25 lakh Correct Answer Incorrect Answer

    Solution

    CGFMU supports MUDRA loans and covers loans up to ₹20 lakh to encourage banks and NBFCs to lend to small units without requiring collateral.

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