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Credit guarantee funds for Mudra and Stand-Up schemes extended to 2031
ಸುದ್ದಿಯಲ್ಲಿ ಏಕೆ?
Mudra and Stand-Up India cover now runs to 2031: the credit guarantee detail GS3 MSME questions test
Credit guarantee cover for Mudra and Stand-Up India continues until 31 March 2031.
Why it matters: asked in UPSC 2016; factual, Prelims-type
What you need to know
2 ನಿಮಿಷ
The Union Cabinet approved the continuation of the credit guarantee funds meant for micro units under the Mudra and Stand-Up India schemes.
The funds will remain available until 31 March 2031.
Stand-Up India supports loans to Scheduled Caste, Scheduled Tribe and women entrepreneurs, while Mudra finances small non-farm enterprises.
ಮೂಲಗಳು: Topper IAS editorial (PIB / The Hindu / Indian Express)
ಮುಖ್ಯ ಅಂಶಗಳು
Remember these
- Union Cabinet approved continuation of credit guarantee funds for micro units under Mudra and Stand-Up India
- The funds remain available until 31 March 2031
- Stand-Up India supports loans to Scheduled Caste, Scheduled Tribe and women entrepreneurs
- Mudra (launched 2015) finances small non-farm enterprises, with loans up to Rs 10 lakh
- Credit Guarantee Fund for Micro Units (CGFMU) is managed by NCGTC
ಪ್ರಿಲಿಮ್ಸ್ · ಮೇನ್ಸ್
How the exam will ask it
ಪ್ರಿಲಿಮ್ಸ್
- Statement: The Mudra scheme provides loans to small non-farm enterprises in the manufacturing, trading and services sectors.
- Statement: Stand-Up India targets Scheduled Caste, Scheduled Tribe and women entrepreneurs.
- Statement: A credit guarantee fund covers lenders against default on loans to micro units, encouraging banks to lend without collateral.
ಮೇನ್ಸ್
GS3 (Economy) and GS2 (welfare of vulnerable sections): access to formal credit is a key barrier for micro enterprises, SC/ST and women entrepreneurs. Credit guarantee funds under Mudra and Stand-Up India reduce lender risk and encourage collateral-free lending; the extension to 2031 gives predictability. The way forward is to track non-performing assets, improve loan quality and ensure credit reaches first-time borrowers.
PYQ connection
A question UPSC has already asked on this
With reference to 'Stand up India scheme', which of the following statement is/are correct?
- Its purpose is to promote entrepreneurship among SC/ST and women entrepreneurs.
- It provides for refinance through SIDBI.
Select the correct answer using the code given below.
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 nor 2
ಉತ್ತರ ನೋಡಿ
ಉತ್ತರ: C
Why this matters: today's issue is directly connected to a concept UPSC has already tested. Read the story with this question in mind.
Practise this PYQ →Quick recall
Answer before you reveal
ಮುದ್ರಾ ಮತ್ತು ಸ್ಟ್ಯಾಂಡ್-ಅಪ್ ಇಂಡಿಯಾ ಯೋಜನೆಗಳ ಅಡಿಯಲ್ಲಿ ಸೂಕ್ಷ್ಮ ಘಟಕಗಳಿಗೆ ಸಾಲ ಖಾತರಿ ನಿಧಿಗಳನ್ನು ಕೇಂದ್ರ ಸಚಿವ ಸಂಪುಟ ಯಾವ ದಿನಾಂಕದವರೆಗೆ ವಿಸ್ತರಿಸಿದೆ?
- 2028ರ ಮಾರ್ಚ್ 31
- 2031ರ ಮಾರ್ಚ್ 31
- 2029ರ ಮಾರ್ಚ್ 31
- 2030ರ ಮಾರ್ಚ್ 31
ಉತ್ತರ ನೋಡಿ
ಉತ್ತರ: B — ಸಂಪುಟವು ಐದು ವರ್ಷಗಳ ವಿಸ್ತರಣೆ ನೀಡಿ ನಿಧಿಗಳನ್ನು 2031ರ ಮಾರ್ಚ್ 31ರವರೆಗೆ ಲಭ್ಯವಾಗಿಸಿದೆ.
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