Question
Which of the following statements about Member Lending
Institutions (MLIs) under CGTMSE’s Credit Guarantee Scheme–I (CGS‑I) is MOST accurate?Solution
Under CGTMSE’s first scheme, CGS‑I, only the MLIs registered under CGS‑I are eligible to give guarantee‑backed loans ([cgtmse.in][1]). NBFCs fall under CGS‑II (Credit Guarantee Scheme for NBFCs), which is a separate scheme and does not make them eligible under CGS‑I ([cgtmse.in][1]). Option A is wrong because NBFCs are not included in CGS‑I unless registered under a different scheme. Option B is too restrictive—it omits banks under CGS‑I beyond public/regional rural banks. Option C combines CGS‑I and CGS‑II institutions, which is incorrect. Option E is incorrect because only direct registration under CGS‑I qualifies; mere partnerships don’t confer eligibility.Â
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