Finance
Big GuyGovt’s ₹20,000 Crore Scheme: Microfinance Gets a Boost!
Hey, folks! The government just rolled out a massive ₹20,000 crore credit guarantee scheme for our microfinance pals! Kicking off on March 20, 2026, this is like a superhero cape for those little guys struggling to get their hands on fresh loans. Remember, it's all about helping the small fry, not just paying off old debts. How cool is that?
few days 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.
