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      Question

      What percentage of loan guarantee coverage does the

      Mutual Credit Guarantee Scheme (MCGS) provide for MSMEs?
      A 50% Correct Answer Incorrect Answer
      B 60% Correct Answer Incorrect Answer
      C 70% Correct Answer Incorrect Answer
      D 80% Correct Answer Incorrect Answer
      E 100% Correct Answer Incorrect Answer

      Solution

      The Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME), approved by the Government of India, provides a 60% guarantee coverage by the National Credit Guarantee Trustee Company (NCGTC) for loans up to β‚Ή100 crore. This initiative aims to strengthen the MSME manufacturing sector by improving access to credit.

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