UPSC Exam  >  UPSC Questions  >  With reference to the Emergency Credit Line G... Start Learning for Free
With reference to the Emergency Credit Line Guarantee Scheme (ECLGS), consider the following statements:
1. The scheme was launched to aid Micro, Small and Medium Enterprises (MSMEs) sector in view of the economic distress caused by the COVID-19 pandemic.
2. The scheme is under the operational domain of Ministry of Finance, Department of Financial Services (DFS).
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to the Emergency Credit Line Guarantee Scheme (ECLGS), ...
Emergency Credit Line Guarantee Scheme (ECLGS)
  • The ECLGS was unveiled as part of the comprehensive package announced by Finance Ministry.
    • ECLGS was launched in different phases - ECLGS 1.0, ECLGS 2.0, ECLGS 3.0, ECLGS 4.0.
  • This scheme was launched to aid Micro, Small and Medium Enterprises (MSMEs) sector in view of the economic distress caused by the COVID-19 pandemic.
  • In different phases, the scope of this scheme was increased to include multiple sectors.
  • The scheme is under the operational domain of Ministry of Finance, Department of Financial Services (DFS).
    • National Credit Guarantee Trustee Company Ltd (NCGTC) has been set up as a company by the Union Ministry of Finance to manage and provide guarantees to these loans.
Hence both statements are correct.
Explore Courses for UPSC exam

Similar UPSC Doubts

Top Courses for UPSC

With reference to the Emergency Credit Line Guarantee Scheme (ECLGS), consider the following statements:1. The scheme was launched to aid Micro, Small and Medium Enterprises (MSMEs) sector in view of theeconomic distress caused by the COVID-19 pandemic.2. The scheme is under theoperational domain of Ministry of Finance, Department of Financial Services (DFS).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
Question Description
With reference to the Emergency Credit Line Guarantee Scheme (ECLGS), consider the following statements:1. The scheme was launched to aid Micro, Small and Medium Enterprises (MSMEs) sector in view of theeconomic distress caused by the COVID-19 pandemic.2. The scheme is under theoperational domain of Ministry of Finance, Department of Financial Services (DFS).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Emergency Credit Line Guarantee Scheme (ECLGS), consider the following statements:1. The scheme was launched to aid Micro, Small and Medium Enterprises (MSMEs) sector in view of theeconomic distress caused by the COVID-19 pandemic.2. The scheme is under theoperational domain of Ministry of Finance, Department of Financial Services (DFS).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Emergency Credit Line Guarantee Scheme (ECLGS), consider the following statements:1. The scheme was launched to aid Micro, Small and Medium Enterprises (MSMEs) sector in view of theeconomic distress caused by the COVID-19 pandemic.2. The scheme is under theoperational domain of Ministry of Finance, Department of Financial Services (DFS).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
Solutions for With reference to the Emergency Credit Line Guarantee Scheme (ECLGS), consider the following statements:1. The scheme was launched to aid Micro, Small and Medium Enterprises (MSMEs) sector in view of theeconomic distress caused by the COVID-19 pandemic.2. The scheme is under theoperational domain of Ministry of Finance, Department of Financial Services (DFS).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of With reference to the Emergency Credit Line Guarantee Scheme (ECLGS), consider the following statements:1. The scheme was launched to aid Micro, Small and Medium Enterprises (MSMEs) sector in view of theeconomic distress caused by the COVID-19 pandemic.2. The scheme is under theoperational domain of Ministry of Finance, Department of Financial Services (DFS).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of With reference to the Emergency Credit Line Guarantee Scheme (ECLGS), consider the following statements:1. The scheme was launched to aid Micro, Small and Medium Enterprises (MSMEs) sector in view of theeconomic distress caused by the COVID-19 pandemic.2. The scheme is under theoperational domain of Ministry of Finance, Department of Financial Services (DFS).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?, a detailed solution for With reference to the Emergency Credit Line Guarantee Scheme (ECLGS), consider the following statements:1. The scheme was launched to aid Micro, Small and Medium Enterprises (MSMEs) sector in view of theeconomic distress caused by the COVID-19 pandemic.2. The scheme is under theoperational domain of Ministry of Finance, Department of Financial Services (DFS).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of With reference to the Emergency Credit Line Guarantee Scheme (ECLGS), consider the following statements:1. The scheme was launched to aid Micro, Small and Medium Enterprises (MSMEs) sector in view of theeconomic distress caused by the COVID-19 pandemic.2. The scheme is under theoperational domain of Ministry of Finance, Department of Financial Services (DFS).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice With reference to the Emergency Credit Line Guarantee Scheme (ECLGS), consider the following statements:1. The scheme was launched to aid Micro, Small and Medium Enterprises (MSMEs) sector in view of theeconomic distress caused by the COVID-19 pandemic.2. The scheme is under theoperational domain of Ministry of Finance, Department of Financial Services (DFS).Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev