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    Question

    Credit Guarantee Fund Trust for Micro and Small

    Enterprises (CGTMSE) was introduced by creating a CGTMSE Trust by Govt of India and ….
    A SIDBI Correct Answer Incorrect Answer
    B SBI Correct Answer Incorrect Answer
    C EXIM Bank Correct Answer Incorrect Answer
    D Punjab National Bank Correct Answer Incorrect Answer
    E IDBI Correct Answer Incorrect Answer

    Solution

    The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS) was launched by the Government of India (GoI) to make available collateral-free credit to the micro and small enterprise sector. GoI and Small Industries Development Bank of India (SIDBI), established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to implement the Credit Guarantee Fund Scheme for Micro and Small Enterprises.

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