The Union Cabinet has approved a five-year extension for the Credit Guarantee Fund for Micro Units and the Stand-Up India scheme. An allocation of ₹5,000 crore will support micro units, while ₹4,111 crore funds will assist Stand-Up India initiatives. The Cabinet also approved an 8.5 km extension of the Noida-Greater Noida Metro corridor to improve connectivity. Eligible borrowers can access loans for new enterprises to promote economic growth and entrepreneurship.