Govt. launches ₹20,000 crore credit guarantee scheme to boost microfinance lending amid liquidity crunch
Loans sanctioned by MLIs to MFIs will be capped at 20% of the MFIs’ assets under management, with limits of ₹100 crore for small, ₹200 crore for medium-sized, and ₹300 crore for large microfinance institutions. Upon sanction, MLIs will receive guarantee cover from the NCGTC through an automatic approval process.
