PREVIOUS
✖
CGSMFI-2.0 Scheme
March 23 , 2026
16 hrs 0 min
23
0
- The Government of India launched the Credit Guarantee Scheme for Microfinance Institutions 2.0 (CGSMFI-2.0) with a corpus of ₹20,000 crore.
- The scheme aims to provide guaranteed support to Member Lending Institutions (MLIs) for lending to microfinance institutions.
- NBFC-MFIs provide collateral-free loans to households with annual income up to ₹3,00,000.
- The scheme is managed by the National Credit Guarantee Trustee Company under the Ministry of Finance.
- It promotes financial inclusion, supports small businesses and helps in poverty reduction in India.
Leave a Reply
Your Comment is awaiting moderation.