Jammu, Nov. 11 -- Share Tweet Share New Delhi, Nov 11 (KNS): In a major move aimed at strengthening financial support for small businesses and aspiring entrepreneurs, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the continuation of the Credit Guarantee Fund for Micro Units (CGFMU) for another five years, until March 31, 2031. The Cabinet has approved a corpus of Rs 5,000 crore for the scheme, which is expected to facilitate loans worth Rs 12.6 lakh crore under the Pradhan Mantri Mudra Yojana (PMMY) over the next five years. The decision is aimed at improving access to collateral-free credit for micro enterprises, particularly those that face difficulties in securing loans from formal banking institutio...