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India Launches Enhanced Microfinance Credit Guarantee Scheme
The Government of India has launched the Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) to bolster lending within the microfinance sector. The initiative aims to provide up to ₹20,000 crore in credit guarantees through the National Credit Guarantee Trustee Company Limited, benefiting approximately 36 lakh microfinance borrowers