2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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15, 000 crore
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50, 000 crores
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30, 000 crores
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25, 000 crore
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Detailed explanation-1: -The maximum is Rs. 5 cr. The entire funding provided under GECL shall be provided with a 100% credit guarantee coverage by NCGTC under the Scheme.
Detailed explanation-2: -2021, to the maximum of Rs. 200 crore per borrower; Incremental credit can be availed within these limits by existing ECLGS borrowers whose eligibility increased because of change in cut off date to 31.03.
Detailed explanation-3: -Any SME or MSME, including partnership, proprietorship, or limited liability partnership (LLP), are eligible for the ECLGS scheme.
Detailed explanation-4: -CGSS is aimed at providing credit guarantee up to a specified limit against loans extended by Member Institutions (MIs) to finance eligible borrowers viz. Startups as defined in the Gazette Notification issued by DPIIT and amended from time to time.