Govt aims to extend additional Rs 5 lakh cr via credit guarantees in 2 years: Official

The government plans to increase credit guarantees for micro and small enterprises by Rs 5 lakh crore over the next two years. This follows Rs 4 lakh crore in guarantees provided in the past two years through the CGTMSE scheme. The number of Udyam registered MSMEs has also surged from 1.65 crore to 5 crore.