The government in June announced a new credit guarantee scheme covering 75% of bank loans to MFI in case of defaults. The National Credit Guarantee Trustee Company is providing this without any guarantee fee.source https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-force-small-and-medium-sized-micro-financiers-to-park-fixed-deposits-with-them/articleshow/85814132.cms
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