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Credit guarantee funds for Mudra and Stand-Up schemes extended to 2031
వార్తల్లో ఎందుకు?
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 నిమి
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.
మూలాలు: Topper IAS editorial (PIB / The Hindu / Indian Express)
ముఖ్య వాస్తవాలు
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
ప్రిలిమ్స్ · మెయిన్స్
How the exam will ask it
ప్రిలిమ్స్
- 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.
మెయిన్స్
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
సమాధానం చూడండి
సమాధానం: 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
The Union Cabinet has extended the credit guarantee funds for micro units under the Mudra and Stand-Up India schemes up to which date?
- 31 March 2028
- 31 March 2031
- 31 March 2029
- 31 March 2030
సమాధానం చూడండి
సమాధానం: B — Correct: 31 March 2031 — the Cabinet extended the funds for five years, until 31 March 2031, which is longer than any of the nearer dates listed. • 31 March 2028 — wrong: the extension runs three years beyond this date; the correct end date is 31 March 2031. • 31 March 2029 — wrong: this would be a two-year extension; the approved end date is 31 March 2031. • 31 March 2030 — wrong: this would be a four-year extension; the approved end date is 31 March 2031.
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