.png "A new Credit Guarantee Scheme for Exporters has been approved by the Union Cabinet")
- The scheme provides ₹20,000 crore collateral‑free credit support with 100% guarantee coverage, implemented through the National Credit Guarantee Trustee Company (NCGTC).
- A government allocation of ₹2,000 crore will back the scheme, covering both MSME and non‑MSME exporters.
- Exporters can avail up to 20% of sanctioned export working capital limits, capped at ₹50 crore, at 1% lower interest rates.
- The initiative is part of a larger ₹25,060 crore Export Promotion Mission (EPM) to strengthen India’s export ecosystem.
- It is expected to support employment, enhance global competitiveness, and help India achieve its $1 trillion export target by FY2030.
Question:
Q.1 Under the Credit Guarantee Scheme for Exporters (CGSE), what is the total collateral-free credit support offered?a) ₹10,000 crore
b) ₹15,000 crore
c) ₹20,000 crore
d) ₹25,060 crore
Answer: c) The scheme provides ₹20,000 crore collateral‑free credit support with 100% guarantee coverage, implemented through the National Credit Guarantee Trustee Company (NCGTC).
