Question

The maximum loan amount eligible for credit guarantee cover has been increased from INR 1.5 lakhs to INR 7.5 lakhs under the revamped Model Skill Loan Scheme. Under the revamped Model Skill Loan Scheme, what percentage of the loan amount is backed by a guarantee against default? 

A 50%
B 60%
C 75%
D 85%
E 90%
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