Question

What is true about CGTSME?

A Helps in providing hassle free credit to SME Correct Answer Incorrect Answer
B Maximum credit of Rs.1.0 Cr is eligible to be covered Correct Answer Incorrect Answer
C Private Banks are eligible for the scheme Correct Answer Incorrect Answer
D The scheme is available with selected RRBs (Regional Rural Banks) also Correct Answer Incorrect Answer
E All of the above Correct Answer Incorrect Answer

Solution

Availability of bank loan without any collateral is a major requirement for boosting Entrepreneurship in India. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is operationalized by SIDBI and the Government of India.

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