Consider the following statements regarding the Mutual Credit Guarantee Scheme for MSMEs and other initiatives launched by Union Minister Nirmala Sitharaman:
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The Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) aims to facilitate a maximum loan of Rs 100 crore to MSMEs without collateral for purchasing machinery or equipment.
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The scheme will be available for 4 years or until Rs 7 lakh crore in guarantees are issued, whichever comes first.
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Union Minister Nirmala Sitharaman also launched the Prime Minister DhanDhaanya Krishi Yojana (PMDKY) to improve agricultural productivity in 100 districts.
Which of the above statements is/are correct?
1
Only 1 and 2
2
Only 2 and 3
3
Only 3
4
Only 1
5
All 1, 2, and 3