Question

What is the primary goal of the New Credit Assessment 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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