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      Question

      Under the Credit Guarantee Fund Scheme for Education

      Loans (CGFSEL), up to what maximum loan amount is a credit guarantee provided to banks without requiring any collateral or third-party guarantee from the student?
      A ₹4 Lakh Correct Answer Incorrect Answer
      B ₹5 Lakh Correct Answer Incorrect Answer
      C ₹7.5 Lakh Correct Answer Incorrect Answer
      D ₹10 Lakh Correct Answer Incorrect Answer
      E ₹20 Lakh Correct Answer Incorrect Answer

      Solution

      Education loans up to ₹7.5 lakh are eligible for coverage under the CGFSEL without the need for collateral security or a third-party guarantee.

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