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      Question

      What is the maximum loan amount guaranteed under the

      Mutual Credit Guarantee Scheme (MCGS) for MSMEs?
      A ₹50 crore Correct Answer Incorrect Answer
      B ₹75 crore Correct Answer Incorrect Answer
      C ₹100 crore Correct Answer Incorrect Answer
      D ₹150 crore Correct Answer Incorrect Answer
      E ₹200 crore Correct Answer Incorrect Answer

      Solution

      Explanation: The MCGS provides a 60% guarantee for loans up to ₹100 crore to MSMEs for purchasing equipment and machinery.

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