Current Affairs

GK MCQs Section
Q. Which Union Ministry implements the ‘Credit guarantee scheme for subordinate debt (CGSSD)’?
Answer: Ministry of MSME
Notes: ‘Credit guarantee scheme for subordinate debt (CGSSD)’ is implemented by the Ministry of MSME. The Ministry has extended the CGSSD by one more year till March 31, 2023. The Government created ‘Distressed Assets Fund- - Subordinate Debt for Stressed MSMEs’ in May 2020. CGSSD was launched to provide credit facility through lending institutions to the promoters of stressed MSMEs. The scheme is for SMA-2 and NPA accounts which are eligible for restructuring.
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