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Govt extends validity of Credit Guarantee Scheme for Microfinance Institutions upto August 31 | Collector
Govt extends validity of Credit Guarantee Scheme for Microfinance Institutions upto August 31
Economic Times

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 maximum loan amount for large NBFC-MFIs and MFIs has also been raised to Rs 1,000 crore. These changes aim to boost credit flow to the MFI sector, with Rs 770 crore already sanctioned.

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