New Delhi, June 10 (IANS) The Central Government has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) up to August 31, 2026, or till guarantees for an amount of Rs 20,000 crore are issued, whichever is earlier.The Government has also approved an increase in the maximum loan amount cap for large-sized NBFC-MFIs/MFIs from Rs 300 crore to Rs 1,000 crore under the overall ceiling of 20 per cent of Assets Under Management (AUM), according to a statement issued by th…
Latest Microfinance Institutions News & Updates
New Delhi, Jan 19 (IANS) Bangladesh’s proposed ‘Microfinance Bank Ordinance 2025’, to convert the country’s microcredit system into fully regulated microfinance banks under supervision of Bangladesh Bank, could marginalise hundreds of smaller NGOs and poor households from accessing credit, a report has said.New microfinance banking rules has drawn sharp criticism from 17 leading Microfinance Institutions (MFIs) in Bangladesh, including BRAC (Building Resources Across Communities), ASA (Associa…