Govt extends Micro Credit Guarantee Scheme for 5 years; to facilitate Rs 12.6 lakh crore in loans

Published 11 Nov 2026, 19:00 IST

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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…

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DT Next Center Daily Thanthi Group Current article 11 Nov 2026, 19:00 IST

Govt extends Micro Credit Guarantee Scheme for 5 years; to facilitate Rs 12.6 lakh crore in loans

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…

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3 hours later
The Hindu Center-Left Kasturi & Sons Ltd. 11 Nov 2026, 22:54 IST

Government extends micro credit guarantee scheme for five years

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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