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    • Question

      Under the newly launched Mutual Credit Guarantee Scheme

      (MCGS), what is the maximum loan amount MSMEs can avail for machinery and equipment purchases?
      A ₹10 crore Correct Answer Incorrect Answer
      B ₹25 crore Correct Answer Incorrect Answer
      C ₹50 crore Correct Answer Incorrect Answer
      D ₹75 crore Correct Answer Incorrect Answer
      E ₹100 crore Correct Answer Incorrect Answer

      Solution

      The Mutual Credit Guarantee Scheme (MCGS) allows MSMEs to avail loans up to ₹100 crore for purchasing machinery and equipment without collateral.

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