Cabinet Extends Credit Guarantee Fund for Micro Units for 5 Years
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6 Articles
Cabinet extends Credit Guarantee Fund for Micro Units for 5 years
New Delhi, Nov 11: The Union Cabinet on Wednesday approved the extension of the Credit Guarantee Fund for Micro Units (CGFMU) for five years to March 2031. As of September 2026, more than 60.36 crore loans amounting to Rs 43.34 lakh crore have been sanctioned by lending institutions since the launch of the PM Mudra Scheme. The scheme provides credit guarantee coverage to the lending institutions through National Credit Guarantee Trustee Company …
Cabinet decisions today 11 Nov full list: ₹12.6 lakh crore Mudra loans, ₹62,370 crore subsidy, metro boost and more
The Union Cabinet approved measures supporting small businesses, farmers, urban transport and cultural infrastructure. It extended Stand-Up India and micro-unit credit guarantee schemes through March 2031, set fertiliser subsidies for Rabi 2026-27, cleared an 8.449-km Noida Metro extension and more.
New Delhi, Nov 11 (IANS) The central government on Wednesday approved the continuation of the Credit Guarantee Fund for Micro Units (CGFMU) with a corpus of Rs 5,000 crore for another five years, extending the scheme till December 31, 2031. The scheme has been playing a catalytic role in encouraging young and ambitious entrepreneurs to start and expand their businesses. According to the Cabinet, the extension of the scheme will help in increasin…
The Union Cabinet has approved 5 big and important decisions worth Rs 77 thousand crore to give a new impetus to the development of the country and strengthen economic facilities for the citizens. Let us tell you that the Cabinet has approved these 5 important decisions on Wednesday, November 11.
The Union Cabinet has approved a grant of Rs 5,000 crore to provide guarantee for Mudra loans. The Cabinet has approved the release of Rs 62,370 crore to provide fertilizers at subsidized rates to farmers. Thousands of crores of rupees are also being spent on the huge Yuge Yugin Bharat Museum planned to be built in Delhi.
The Union Cabinet has approved a package of ₹77,101 crore to boost infrastructure, agriculture, and small businesses. Here's a complete analysis of all the major decisions related to metro expansion, fertilizer subsidies, and credit funds.
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