Question

Under credit guarantee scheme for micro and small enterprises, The limit on ceiling for guarantees has been enhanced from Rs. 2 crore to —

A 2.5 Cr Correct Answer Incorrect Answer
B 5 Cr Correct Answer Incorrect Answer
C 10 Cr Correct Answer Incorrect Answer
D 25 Cr Correct Answer Incorrect Answer
E 50 Cr Correct Answer Incorrect Answer

Solution

This will reduce the overall cost of credit to the Micro & Small Enterprises to a great extent. The limit on ceiling for guarantees has been enhanced from Rs. 2 crore to Rs. 5 crore.

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