The Cabinet approval for continuation of the Credit Guarantee Fund for Micro Units is a major boost for India's aspiring entrepreneurs, especially our youth! What does this mean? Rs. 5,000 crore corpus to help facilitate over Rs 12.5 lakh crore in MUDRA loans over the next 5 years. Credit guarantee support for collateral-free loans up to Rs. 20 lakh under PM MUDRA Yojana. Lower guarantee fees to encourage lending to micro-enterprises. Our aim is to empower more young Indians to turn their ideas into enterprises, create opportunities and become job creators. https://www.pib.gov.in/PressReleaseDetail.aspx?PRID=2334976&reg=48&lang=1