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Credit guarantee scheme for MFI 2.0 gets extension
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 maximum loan amount for large NBFC-MFIs and MFIs has been raised to ₹1,000 crore. This aims to boost credit flow to the microfinance sector. Loans totaling ₹770 crore have been sanctioned so far.
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economictimes.indiatimes.com
Govt extends validity of Credit Guarantee Scheme for Microfinance Institutions upto August 31
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…
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thehindubusinessline.com
Centre extends CGSMFI-2.0 scheme and raises MFI loan cap to ₹1,000 crore
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.
