What is the primary objective of the Credit Guarantee

Q: Answer-What is the primary objective of the Credit Guarantee Scheme introduced for MSMEs in the Budget 2024...

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.

Scheme introduced for MSMEs in the Budget 2024-25?

A To reduce interest rates on loans

B To provide tax benefits to MSMEs

C To facilitate term loans for MSMEs without collateral or third-party guarantees

D To offer direct financial grants to MSMEs

E To provide subsidies on exports

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What is the primary objective of the Credit Guarantee

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