New Delhi: Finance Minister Nirmala Sitharaman on Monday announced a Rs 7,500-crore credit guarantee scheme to facilitate loans to small borrowers.
Under the scheme, loans of up to Rs 1.25 lakh per person will be provided to approximately 25 lakh small borrowers through micro finance institutions (MFI).
The scheme will continue till March 31, 2022 or till guarantee for an amount of Rs 7,500 crore is issued, whichever is earlier, Sitharaman said while announcing the stimulus package for the economy hit by the second wave of COVID-19 pandemic.
444948 309345Any way Ill be subscribing to your feed and I hope you post again soon. I dont think I could have put it greater myself. 644193