Q. What is the full form of CGTMSE ?
a) Credit Guarantee Fund Trust for Macro and Small Enterprises
b) Credit Guarantee Fund Trust for Medium and Small Enterprises
c) Credit Guarantee Fund Trust for Micro and Medium Enterprises
d) Credit Guarantee Fund Trust for Micro and Small Enterprises
Question from BPSC PT 70, 2024
The correct answer is: Option D: Credit Guarantee Fund Trust for Micro and Small Enterprises
Explanation: CGTMSE stands for Credit Guarantee Fund Trust for Micro and Small Enterprises. It is a trust established by the Government of India and the Small Industries Development Bank of India (SIDBI) to provide credit guarantees to financial institutions for loans given to micro and small enterprises. This initiative aims to promote and support the growth of small businesses by reducing the risk for lenders and encouraging them to provide loans without requiring collateral.
