Cabinet Extends Credit Guarantee Fund For Micro Units By Five Years, Targets Rs 12.6 Lakh Crore In Loans

Cabinet Extends Credit Guarantee Fund For Micro Units By Five Years, Targets Rs 12.6 Lakh Crore In Loans New Delhi, Nov 12 (KNN) The Union Cabinet has approved the continuation of the Credit Guarantee Fund for Micro Units (CGFMU) for five years up to March 31, 2031, with a corpus of Rs 5,000 crore to facilitate loans worth Rs 12.6 lakh crore under the Pradhan Mantri Mudra Yojana (PMMY). The scheme provides credit guarantee coverage to lending institutions through the National Credit Guara

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