Cabinet Extends Credit Guarantee Support for Small Units by Five Years
The Union Cabinet has approved a five-year extension of the Credit Guarantee Fund for Micro Units and the Stand-Up India scheme, a move aimed at widening access to formal finance for first-time entrepreneurs and small businesses. The package includes ₹5,000 crore for micro units and ₹4,111 crore to support Stand-Up India, alongside approval for an 8.5 km extension of the Noida-Greater Noida Metro corridor.
