Union cabinet extends Stand-Up India Scheme till March 31, 2031
Officials allocated a Rs 4,111 crore corpus to support business expansion for women, Scheduled Castes, and Scheduled Tribes entrepreneurs.
- On Wednesday, the Union Cabinet approved a five-year extension for the Credit Guarantee Fund for Micro Units through March 2031, sustaining the Pradhan Mantri Mudra Yojana framework.
- Prime Minister Narendra Modi chaired the Cabinet's approval of a Rs 5,000 crore corpus facilitating PMMY loans totaling Rs 12.6 lakh crore since the scheme's inception.
- Simultaneously, the government extended the Stand-Up India Scheme until March 31, 2031, allocating a Rs 4,111 crore credit guarantee corpus to promote entrepreneurship among Women, Scheduled Castes , and Scheduled Tribes .
- National Credit Guarantee Trustee Company Limited provides credit guarantee coverage, securing 85 per cent of loan amounts for a 0.50 per cent fee, with loans repayable over 7 years and up to 18 months moratorium.
- Information and Broadcasting Minister Ashwini Vaishnaw stated the extension ensures credit access for underserved communities, enabling enterprise creation and strengthening entrepreneurship to support inclusive economic growth.
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The Union Cabinet has extended the Stand Up India Scheme till March 31, 2031, with a ₹4,111 crore credit guarantee corpus aimed at helping 2.5 lakh more SC, ST, and women entrepreneurs set up new businesses.
Union cabinet extends Stand-Up India Scheme till March 31, 2031
New Delhi, Nov 11: The government on Wednesday approved the continuation of Stand-Up India Scheme for next 5 years to promote entrepreneurship among Women, Scheduled Castes (SCs) and Scheduled Tribes (STs). The Union Cabinet, headed by Prime Minister Narendra Modi, has approved the extension of Stand-Up India Scheme up to March 31, 2031. The scheme aims to promote entrepreneurship among Women, Scheduled Castes and Scheduled Tribes and provide fi…
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.
Cabinet extends Mudra credit guarantee and Stand-Up India schemes till March 2031
The Centre expects a Rs 5,000 crore guarantee corpus to support Rs 12.6 lakh crore in Mudra loans over five years. Stand-Up India will get a Rs 4,111 crore guarantee corpus and aims to reach at least 2.5 lakh more entrepreneurs.
The government has approved the continuation of the Pradhan Mantri Mudra Yojana (PMMUDRA) until March 2031. A fund of ₹5,000 crore will be created for this purpose. The target is to provide loans worth ₹12.6 lakh crore under the scheme.
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