The Union Cabinet has approved creation of a Credit Guarantee Fund (CGF) for Micro Units Development Refinance Agency (MUDRA) loans.
The CGF is expected to guarantee more than 1,00,000 crore rupees worth of loans to micro and small units in the first instance.
In his 2015-16 budget speech, Finance Minister, Arun Jaitleyhad announced the creation of MUDRA with a corpus of Rs 20,000 crore and a credit guarantee corpus of Rs 3,000 crore,
with with the aim of providing loans to the smallest of businesses.
What is the difference between credit gurantee corpus,corpus and credit gurantee fund ?
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