Question

Which is the new MSME scheme announced in the Union Budget 2023? 

A New sub-scheme of PM Matsya Sampada Yojana Correct Answer Incorrect Answer
B Revamped credit guarantee scheme for MSMEs Correct Answer Incorrect Answer
C PM Garib Kalyan Ann Yojana Correct Answer Incorrect Answer
D Mahila Samman Bachat Patra Correct Answer Incorrect Answer
E PM VIKAS Correct Answer Incorrect Answer

Solution

Revamped credit guarantee scheme for MSMEs to take effect from 1st April 2023 through the infusion of Rs 9,000 crore in the corpus. This scheme would enable additional collateral-free guaranteed credit of Rs 2 lakh crore and also reduce the cost of the credit by about 1 percent.

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