Question

What is the primary goal of the New Credit Assessment

Q: Answer-What is the primary goal of the New Credit Assessment Model for MSMEs launched by the Union Finance...

The New Credit Assessment Model for MSMEs aims to reduce reliance on external evaluations and use digital footprints for credit scoring, improving access to credit.

Model for MSMEs launched by the Union Finance Minister?

A To increase external credit rating agencies' role in MSME loan approvals

B To eliminate the need for MSMEs to provide any financial documentation

C To reduce reliance on external evaluations and use digital footprints for credit scoring

D To make physical collateral mandatory for all MSME loans

E To replace GST data analysis with manual loan approvals

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RBI Grade B

What is the primary goal of the New Credit Assessment

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