Question

    The Credit Guarantee Scheme for Subordinate Debt (CGSSD) scheme which was only valid till 31st March 2021 has now extended for_____?

    A 31st March 2024 Correct Answer Incorrect Answer
    B 30th April 2023 Correct Answer Incorrect Answer
    C 31st March 2023 Correct Answer Incorrect Answer
    D 31st March 2025 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The scheme was launched on June 24, 2020, to provide credit to the promoters of stressed MSMEs viz. SMA-2 and NPA accounts who are eligible for restructuring as per RBI guidelines on the books of the lending institutions through lending institutions. Now this scheme is extended till 31st March 2023.

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