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Govt extends validity of Credit Guarantee Scheme for Microfinance Institutions upto August 31

Posted on June 10, 2026
By Business News Today
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1 min read

Govt extends validity of Credit Guarantee Scheme for Microfinance Institutions upto August 31

The Finance Ministry has extended the Credit Guarantee Scheme for Microfinance Institutions-2.0 until August 31, 2026, or until Rs 20,000 crore in guarantees are issued. The maximum loan amount for large NBFC-MFIs and MFIs has also been raised to Rs 1,000 crore. These changes aim to boost credit flow to the MFI sector, with Rs 770 crore already sanctioned.