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    Question

    What is the key feature of the Mutual Credit Guarantee

    Scheme (MCGS) for MSMEs launched by the Finance Ministry?
    A It allows MSMEs to obtain loans up to ₹100 crore without collateral Correct Answer Incorrect Answer
    B It provides direct subsidies to MSMEs for infrastructure development Correct Answer Incorrect Answer
    C It reduces the interest rates on existing MSME loans Correct Answer Incorrect Answer
    D It replaces all previous MSME financing schemes Correct Answer Incorrect Answer
    E It offers tax exemptions for MSMEs investing in technology Correct Answer Incorrect Answer

    Solution

    The Mutual Credit Guarantee Scheme (MCGS) allows MSMEs to obtain loans up to ₹100 crore without collateral, improving access to credit.

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