Cabinet extends credit guarantee funds for Mudra and Stand-Up schemes
In short
The Cabinet approved a continuation of credit guarantee funds for micro units under the Mudra and Stand-Up schemes. BusinessLine said the funds will now be available until March 31, 2031.
This gives the two government-backed lending programmes a longer runway for small borrowers.
What the reporting says
The Cabinet approved continuation of credit guarantee funds for micro units under the Mudra and Stand-Up schemes. BusinessLine reported that these funds will now be available until March 31, 2031. The extension supports lending cover for small borrowers using the two government-backed programmes.
Why it matters
The Cabinet approved continuation of credit guarantee funds for micro units under the Mudra and Stand-Up schemes, with availability extended to March 31, 2031. The move matters for small borrowers and micro enterprises that use these government-backed programmes, since credit guarantees can support lending access and risk coverage for lenders.