Which of the following is are the feature s of Credit Enhancement Guarantee Fund 1 India Infrastruct...........

Economic Affairs Infrastructure

Which of the following is/are the feature/s of Credit Enhancement Guarantee Fund ?

1. India Infrastructure Finance Company Limited (IIFCL) is the lead promoter of this fund.

2. It allow to barrower to raise lone at reduced interest

3. It provides guarantee against default

Choose the correct statements using the codes given below:

1 and 2 only

1 and 3 only

2 and 3 only

All of the above

All of the above.

The objective of the Scheme is to promote entrepreneurship amongst the Scheduled Castes entrepreneurs by providing Credit Enhancement Guarantee to Member Lending Institutions (MLIs) who shall be providing financial assistance to SC entrepreneurs.
IFCI Ltd is the Nodal Agency for implementation of the Scheme for issuing the guarantee to the MLIs, who are encouraged to finance Scheduled Caste entrepreneurs.