Economy

News on Indian Economy

India Targets First Made-in-India Civil Aircraft Within Two Years as Indigenous Aviation Manufacturing Gains Momentum

The Ministry of Civil Aviation has also identified indigenous manufacturing as an important component of the next phase of the Regional Connectivity Scheme, UDAN. The programme seeks to expand aviation infrastructure and improve regional air connectivity while creating an ecosystem that supports the country’s larger ambition of manufacturing civil aircraft domestically.

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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