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    Question

    Which organization has been designated as the Nodal

    Agency for issuing guarantee cover under the Credit Enhancement Guarantee Scheme for Scheduled Castes (CEGSSC)?
    A RBI Correct Answer Incorrect Answer
    B NABARD Correct Answer Incorrect Answer
    C IFCI Ltd. Correct Answer Incorrect Answer
    D SIDBI Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    IFCI Ltd. has been designated as the Nodal Agency under the scheme, to issue the guarantee cover in favour of MLIs for financing SC entrepreneurs. Individual SC entrepreneurs/Registered Companies and Societies/Registered Partnership Firms/Sole Proprietorship firms having more than 51% shareholding and management control for the previous 6 months by SC entrepreneurs/ promoters/ members are eligible for guarantee from IFCI Ltd. against the loans extended by MLIs.

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