Union cabinet extends Stand-Up India Scheme till March 31, 2031
- On Wednesday, the Union Cabinet approved the extension of the Credit Guarantee Fund for Micro Units for five years until March 2031, supporting small-scale lending across the nation.
- To facilitate Rs 12.6 lakh crore in Pradhan Mantri Mudra Yojana loans, the Cabinet authorized a Rs 5,000 crore corpus managed by the National Credit Guarantee Trustee Company Limited to mitigate default risks.
- Separately, the Cabinet extended the Stand-Up India Scheme until March 31, 2031, allocating a Rs 4,111 crore corpus to expand entrepreneurship among Women, Scheduled Castes , and Scheduled Tribes .
- Information and Broadcasting Minister Ashwini Vaishnaw stated the schemes ensure credit access for underserved communities, enabling enterprise creation and fostering inclusive economic growth across the nation.
- Since its launch in April 2016, PMMY has sanctioned more than 60.36 crore loans totaling Rs 43.34 lakh crore across manufacturing, services, and trading sectors, demonstrating the scheme's catalytic impact.
20 Articles
20 Articles
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.
Coverage Details
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
