In July 2026, what maximum loan limit did the modified Credit Guarantee Fund Scheme for Skill Development set?
Question and options
In July 2026, what maximum loan limit did the modified Credit Guarantee Fund Scheme for Skill Development set?
- ₹7.5 lakh
- ₹1.5 lakh
- ₹4 lakh
- ₹10 lakh
Answer and explanation
Correct answer: A - ₹7.5 lakh
The modified scheme was notified in July 2026. It keeps the maximum eligible loan at ₹7.5 lakh, the ceiling set in the 2024 revision, up from ₹1.5 lakh earlier.
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