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<h1>Credit Guarantee Fund for Micro Units Expands Micro Loan Definition, Increases Loan Limits for Micro Units and SHGs.</h1> The notification amends the Credit Guarantee Fund for Micro Units (CGFMU) scheme, initially established in 2016. It revises the definition of 'Micro Loan' to include collateral-free loans up to Rs. 20 lakh, categorized under MUDRA Ltd.'s schemes: Shishu, Kishor, Tarun, and Tarun Plus. The definition of 'Eligible borrower' now includes micro units, enterprises, and Self Help Groups with loans above Rs. 10 lakh and up to Rs. 20 lakh. The Fund will cover micro loans and overdrafts under PMJDY sanctioned since April 2015. All other terms remain unchanged, effective from October 24, 2024.