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Govt extends Stand-Up India and Credit Guarantee Schemes for five years
Nov-12-2026

In a significant step towards strengthening financial inclusion and promoting entrepreneurship, the Union Cabinet has approved the continuation of the Stand-Up India Scheme and Credit Guarantee Fund for Micro Units (CGFMU) for another five years, up to March 31, 2031. 

The Stand-Up India scheme aims to promote entrepreneurship among Women, Scheduled Castes (SCs) and Scheduled Tribes (STs) and aims to provide financial assistance to additional 2.5 lakh entrepreneurs in a span of five years. Since its launch in April 2016, the scheme has facilitated loans to more than 2.75 lakh Women/SC/ST entrepreneurs. Credit access for women, SC and ST entrepreneurs will enable enterprise creation and strengthen entrepreneurship across underserved communities, thereby supporting inclusive economic growth.

The extension of CGFMU will ensure continued credit guarantee coverage to the Lending Institutions through National Credit Guarantee Trustee Company Limited (NCGTC) against default risk. As on September 2026, more than 60.36 crore loans amounting to Rs 43.34 lakh crore have been sanctioned by lending institutions since launch of PM Mudra Yojana (PMMY). CGFMU which was launched in January 2016 has acted as a major catalyst in enabling the growth of PMMY loans in the country.


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