Kautilya

Cabinet Extends MUDRA Credit Guarantee Scheme Until 2031 with ₹5,000 Crore Corpus

The Credit Guarantee Fund for Micro Units was established in January 2016 to support the implementation of the Pradhan Mantri MUDRA Yojana. The fund provides credit guarantee coverage to participating lending institutions through the National Credit Guarantee Trustee Company Limited (NCGTC), helping mitigate the financial risks associated with lending to small businesses.

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