BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Central Government Fund Trust Medium and Small Enterprises
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Credit Guarantee Fund for Medium Enterprises
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Central Government Transfer Fund Multispecialty Micro Enterprises
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Credit Guarantee Fund Trust for Micro and Small Enterprises
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Detailed explanation-1: -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-2: -The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGMSE) was launched by the Government of India to make available collateral-free credit to the micro and small enterprise sector. Both the existing and the new enterprises are eligible to be covered under the scheme.
Detailed explanation-3: -CGTMSE (Credit Guarantee fund Trust for Micro and Small Enterprises) is setup by GoI, & SIDBI in Aug’2000 to make collateral free credit facilities available to MSEs(Micro & Small Enterprises).
Detailed explanation-4: -Credit Guarantee Fund for Micro Units (CGFMU) is the Trust Fund set up by Government of India, managed by NCGTC as a Trustee, with the purpose of guaranteeing payment against default in Micro Loans extended to eligible borrowers by Banks/ NBFCs/ MFIs/ Other Financial Intermediaries.