The correct answer is Rs. 200 lakh.

• Both new and existing MSMEs can avail credit under the scheme.
• For the guarantee scheme, up to 75% of the loan allowed under the Credit Guarantee Scheme is covered under the guarantee up to a maximum of Rs 50 lakh.
• The guarantee cover is provided for 5 years or above in blocks of 5 years

• The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS) was launched by the Government of India (GoI) to make available collateral-free credit to the micro and small enterprise sector.
• Both the existing and the new enterprises are eligible to be covered under the scheme. The Ministry of Micro, Small and Medium Enterprises, GoI and Small Industries Development Bank of India (SIDBI) established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to implement the Credit Guarantee Fund Scheme for Micro and Small Enterprises. 
• The guarantee cover available under the scheme is to the extent of 50%/ 75% / 80% & 85% of the sanctioned amount of the credit facility.
• The extent of guarantee cover is 85% for micro-enterprises for credit up to Rs 5 lakh.
• The extent of guarantee cover is 50% of the sanctioned amount of the credit facility for credit from Rs 10 lakh to Rs 100 lakh per MSE borrower for retail trade activity.