From The Hindu
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Collateral-free loans have created a whole new generation of entrepreneurs who previously could not avail loans from the formal banking system
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NEW DELHI: The Union Cabinet on Wednesday approved the continuation of the Credit Guarantee Fund for Micro Units (CGFMU) for five years up to March 2031, a move that will facilitate loans of Rs 12.6 lakh crore. As of September 2026, more than 60.36 crore loans amounting to Rs 43.34 lakh crore have…
Collateral-free loans have created a whole new generation of entrepreneurs who previously could not avail loans from the formal banking system
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