Which agency implements the Emergency Credit Line Guarantee Scheme 5.0?
- A.Reserve Bank of India
- B.Small Industries Development Bank of India
- C.National Credit Guarantee Trustee Company
- D.National Bank for Agriculture and Rural Development
Correct answer
Explanation
The correct answer is the National Credit Guarantee Trustee Company, usually written as NCGTC. The backgrounder names it as the implementing agency and adds that borrowers must satisfy the eligibility conditions prescribed by NCGTC, including account status and other lending norms. Option A is the most attractive distractor, because the Reserve Bank of India does appear in the release, but only in the explanation of the benchmarks: EBLR and MCLR are the rates tied to the central bank, and MSME loans under the scheme are priced off EBLR while non-MSME loans are priced off MCLR. Options B and D name development finance institutions that run their own refinance and guarantee programmes for small industry and for agriculture, which is why they look plausible, but neither of them implements this scheme. Remember the chain of delivery: NCGTC gives the guarantee, Member Lending Institutions give the loan, and the borrower applies through the Jan Samarth Portal.
Read the full article: ECLGS 5.0 Explained: ₹2.55 Lakh Crore Credit Guarantee Push
Practice Questions
What is the additional credit flow that ECLGS 5.0 aims to facilitate?
- A.₹1.50 lakh crore
- B.₹2.55 lakh crore
- C.₹3.68 lakh crore
- D.₹5 lakh crore
Show answer
The backgrounder states that the scheme, approved on 5 May 2026 and implemented by the National Credit Guarantee Trustee Company, aims to facilitate an additional credit flow of up to that amount, and that the scheme runs till 31 March 2027 or till guarantees of the same value are issued…
Read the full explanation →Under ECLGS 5.0, what is the credit guarantee cover for loans extended to eligible MSMEs?
- A.75 per cent
- B.80 per cent
- C.90 per cent
- D.100 per cent
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The release separates the two levels of cover clearly: eligible MSMEs get a full guarantee, while eligible non-MSME borrowers get 90 per cent cover.
Read the full explanation →On which stock exchanges is the equity share capital of the acquirer listed?
- A.Only the National Stock Exchange of India
- B.Only the Bombay Stock Exchange
- C.The Bombay Stock Exchange and the National Stock Exchange of India
- D.The Calcutta Stock Exchange and the Bombay Stock Exchange
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Kotak Mahindra Bank is described as a scheduled commercial bank licensed by the central bank to carry on banking business, with its equity share capital listed on both these exchanges.
Read the full explanation →Which regulator approved the acquisition of a part of Deutsche Bank India business by Kotak Mahindra Bank?
- A.Securities and Exchange Board of India
- B.Reserve Bank of India
- C.Competition Commission of India
- D.Insurance Regulatory and Development Authority of India
Show answer
The competition regulator cleared the proposed combination, which covers both the purchase of the target business and the related referral arrangements between affiliates of the two sides.
Read the full explanation →Which business of Deutsche Bank in India is being acquired by Kotak Mahindra Bank?
- A.Corporate and investment banking
- B.Retail, private banking and wealth management
- C.Custody and fund accounting
- D.Treasury and foreign exchange dealing room
Show answer
The target business is precisely the retail banking and private banking segment together with the wealth management arm that the seller runs through its branches in India, and it is moving as a going concern on a slump sale basis.
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