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Credit Guarantee Scheme for Microfina… — Govt Scheme for UPSC | Vaidra
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Credit Guarantee Scheme for Microfinance Institutions-2.0

Ministry of FinanceActive — Validity extended to 31 Aug 2026Financial Services
AI-verified from 1 source article.View sources
·

About the Scheme

A credit-guarantee scheme aimed at deepening credit flow to micro-finance institutions to boost financial inclusion for the poor.

Target Beneficiaries: Micro-finance institutions (MFIs) and large NBFC-MFIs

✦Key Features

  • Scheme validity extended to 31 Aug 2026
  • Loan ceiling raised for large NBFC-MFIs

★Benefits

  • Credit guarantee for loans to micro-finance institutions
  • Increased loan ceiling for large NBFC-MFIs to ₹1,000 crore

₹ Budget Allocation

₹20,000 crore

Exam Relevance

GS Paper: GS3

Prelims Relevance2%
Mains Relevance2%

Sector Tags

Financial ServicesMicrofinanceNBFCFinancial Inclusion

Source Articles

This scheme was AI-promoted and verified against the following source articles.

  • Government Extends Validity of Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0), Increases Loan Limits under the scheme