Economic TimesLean R·
Govt extends CGSMFI validity upto Aug 31
The Ministry of Finance on Wednesday approved extension in validity of the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) upto August 31, 2026 for or till guarantees for an amount of Rs 20,000 crore are issued, whichever is earlier. It also gave nod to increase in maximum loan amount capped to Large Sized Non-Banking Financial Company-Microfinance Institutions (NBFC-MFIs) and MFIs from Rs 300 crores to Rs 1,000 crores under the overall ceiling of 20% of Assets under Mana…
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