Finance
Sock JohnsonGovt Unleashes ₹20,000 Crore Powerhouse for MFIs!
Hold onto your hats, folks! The Central government just dropped a colossal ₹20,000 crore credit guarantee scheme for microfinance institutions, launching on March 20, 2026! This game-changing initiative is all about boosting liquidity and unleashing fresh loans for those who need it most. Get ready, because the microfinance arena is about to get electrified!
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.
