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 Non-Banking Financial Company-Microfinance Institutions News & Updates
New Delhi, March 21 (IANS) Approximately 36 lakh borrowers are estimated to benefit from the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0), the government said on Saturday.The scheme aims to provide guarantee cover to banks/FIs through National Credit Guarantee Trustee Company Limited (NCGTC) against expected losses on the financial assistance extended by them to Non-Banking Financial Company-Microfinance Institutions (NBFC-MFIs) and MFIs for on lending to small borrower…