The Government of India has rolled out the Credit Guarantee Scheme for Microfinance Institutions 2.0 (CGSMFI-2.0) with a corpus of ₹20,000 crore.
- It offers guarantee cover to Member Lending Institutions (MLIs) that lend to microfinance institutions.
- NBFC-MFIs give collateral-free loans to households with annual income up to ₹3,00,000.
- The scheme is run by the National Credit Guarantee Trustee Company under the Ministry of Finance.
- It is expected to advance financial inclusion, support small businesses and help reduce poverty.