New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the primary objective of the Credit Guarantee

    Scheme introduced for MSMEs in the Budget 2024-25?
    A To reduce interest rates on loans Correct Answer Incorrect Answer
    B To provide tax benefits to MSMEs Correct Answer Incorrect Answer
    C To facilitate term loans for MSMEs without collateral or third-party guarantees Correct Answer Incorrect Answer
    D To offer direct financial grants to MSMEs Correct Answer Incorrect Answer
    E To provide subsidies on exports Correct Answer Incorrect Answer

    Solution

    The Credit Guarantee Scheme aims to provide term loans to MSMEs for the purchase of machinery and equipment without requiring collateral or third-party guarantees.

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