Tag: microfinance institutions
Posted in Economy
Weak monsoon may weigh on rural demand, credit growth in coming months: S&P Global Ratings
Mumbai: A weak southwest monsoon could weigh on India’s rural economy in the coming months by reducing farm incomes, pushing up inflation and slowing rural…
Posted in Economy
Govt extends validity of Credit Guarantee Scheme for Microfinance Institutions upto August 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…
Posted in Economy
Government unveils Rs 20000 crore credit guarantee plan for MFIs
Kolkata: The government on Friday unveiled a Rs 20000-crore credit guarantee scheme for microfinance institutions, meeting a long standing demand. The scheme is aimed at…
Posted in Economy
Boost financial inclusion with fair rates: DFS Secy to MFIs
New Delhi: Department of Financial Services secretary M Nagaraju on Thursday asked microfinance institutions (MFIs) to maintain fair interest rates to promote financial inclusion. He…