The Centre extended CGSMFI-2.0 till August 31 and raised the MFI loan cap to ₹1,000 crore to improve credit flow to small borrowers.

The Finance Ministry has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 until August 31, 2026, or until Rs 20,000 crore in guarantees are issued. The…

The Centre extended CGSMFI-2.0 till August 31 and raised the MFI loan cap to ₹1,000 crore to improve credit flow to small borrowers.

The Credit Guarantee Scheme for Microfinance Institutions-2.0 has been extended. This extension will last until August or until guarantees worth ₹20,000 crore are issued. The…