Question
In the financial year 2024–25, the Credit Guarantee
Fund Trust for Micro and Small Enterprises (CGTMSE)achieved a record by approving how much worth of credit guarantees for Micro and Small Enterprises (MSEs)?Solution
According to recent reporting, in the fiscal year 2024–25, the CGTMSE approved guarantees worth ₹3 lakh crore for MSE loans—a significant milestone that underscores the agency’s importance in expanding collateral-free credit access to small businesses in India. cgtmse.in+13rupeeboss.com+13sansad.in+13sbi.co.incgtmse.in • Formula/Context: This figure represents the total value of loan facilities for which CGTMSE provided a credit guarantee. • Significance: It highlights CGTMSE’s growing role in facilitating MSME financing, especially after policy enhancements such as raising the guarantee cover limit to ₹10 crore, lowered guarantee fees, and operational reforms. Correct Answer: ₹3 lakh crore
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Â
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