Finance
EnglishGovt Launches ₹20,000 Crore Scheme to Boost Microfinance!
The Central government has rolled out a massive ₹20,000 crore credit guarantee scheme for microfinance institutions starting March 20, 2026. This plan aims to boost lending to small borrowers and help struggling MFIs regain their footing. With guarantees based on MFI size, this scheme is set to revive bank lending and support financial inclusion for those in need.
few hours ago | Aathira Varier
Quick rundown
1.Government launches Rs 20,000 crore credit scheme for microfinance.
2.Scheme aims to boost credit flow to small borrowers.
3.Guarantee covers up to 80% for small MFIs.
4.Interest rates capped to ensure borrower benefits.
5.Initiative expected to restore lender confidence and sector growth.
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Quick rundown
1.Government launches Rs 20,000 crore credit scheme for microfinance.
2.Scheme aims to boost credit flow to small borrowers.
3.Guarantee covers up to 80% for small MFIs.
4.Interest rates capped to ensure borrower benefits.
5.Initiative expected to restore lender confidence and sector growth.