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Question

Which of the following is not true regarding CGTMSE Scheme?

I. Fund and non-fund-based credit facilities up to Rs 200 lakh per eligible borrower are covered under the guarantee scheme

II. The extent of guarantee cover is 85% for micro-enterprises for credit up to Rs 5 lakh

III. In case of default, Trust settles the claim up to 75% of the amount in default of the credit facility extended by the lending institution for credit facilities upto Rs 200 lakh.

IV. The extent of guarantee cover is 80%(i) Micro and Small Enterprises operated or owned by women and for all credits/loans in the North East Region (NER) for credit facilities upto Rs 50 lakh.

A All are correct Correct Answer Incorrect Answer
B All are incorrect Correct Answer Incorrect Answer
C Only IV is incorrect Correct Answer Incorrect Answer
D Only I and II are incorrect Correct Answer Incorrect Answer
E Only III is incorrect Correct Answer Incorrect Answer

Solution

All the statements about CGTMSE scheme are correct

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