Approval for corpus of Rs.5,000 crore facilitating PMMY loans amounting to Rs.12.6 lakh crore. The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved thecontinuation of Credit Guarantee Fund for Micro Units (CGFMU) for a period of five years upto 31.03.2031. The scheme provides credit guarantee coverage to the Lending Institutions through National Credit Guarantee Trustee Company Limited (NCGTC) against default risk.