CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) has been set up on the recommendations of:

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Narashimham Committee
B	Ghosh Committee
C	Chore Committee
D	Kapoor Committee

Explanation:

Detailed explanation-1: -The Ministry of Micro, Small and Medium Enterprises 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.

Detailed explanation-2: -Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is jointly set up by Ministry of Micro, Small & Medium Enterprises (MSME), Government of India and Small Industries Development Bank of India (SIDBI) to catalyse flow of institutional credit to Micro & Small Enterprises (MSEs).

Detailed explanation-3: -CGTMSE was set up by Government of India and SIDBI in August 2000 for extending guarantee cover to collateral-free loans to MSE units upto Rs. 1 crore per borrower.

There is 1 question to complete.