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Cabinet extends Mudra Credit Guarantee scheme till 2031, targets Rs 12.6 lakh cr in loans

New Delhi, Nov 11 (UNI) The union Cabinet on Wednesday approved a five-year extension of the Credit Guarantee Fund for Micro Units (CGFMU) until March 31, 2031, with a corpus of Rs 5,000 crore, paving the way for facilitating loans worth Rs 12.6 lakh crore under the Pradhan Mantri Mudra Yojana (PMMY) over the next five years.

#Cabinet extends Mudra Credit Guarantee scheme till 2031 # targets Rs 12.6 lakh cr in loans