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

    Question

    Under the CGTMSE scheme, what is the current maximum

    credit facility eligible for 85%-90% guarantee coverage?
    A ₹1 crore Correct Answer Incorrect Answer
    B ₹2 crore Correct Answer Incorrect Answer
    C ₹5 crore Correct Answer Incorrect Answer
    D ₹3 crore Correct Answer Incorrect Answer
    E ₹4 crore Correct Answer Incorrect Answer

    Solution

    Under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme: ·        Maximum Credit Facility Eligible for Guarantee Coverage: ₹5 crore ·        Extent of Guarantee Coverage: o   Up to ₹5 lakh: 85% for micro enterprises o   Above ₹5 lakh and up to ₹50 lakh: 75% for most categories o   Above ₹50 lakh and up to ₹5 crore: 75% for most categories o   Special Categories: §  Women entrepreneurs / MSEs promoted by Agniveers: 90% §  SC/ST entrepreneurs / Persons with Disabilities (PwD) / MSEs in Aspirational Districts / ZED certified MSEs: 85% §  MSEs in North East Region, UT of Jammu & Kashmir, and UT of Ladakh: 80%

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