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10 Jun 2026Government Schemes
Government Extends CGSMFI 2.0 Till August 2026
The Finance Ministry extended the Credit Guarantee Scheme for Micro Finance Institutions 2.0 up to 31 August 2026.
The extension will continue credit guarantee support for eligible microfinance institutions. The scheme aims to improve credit access for small borrowers and vulnerable sections. It supports financial inclusion by encouraging lending without excessive risk to institutions. The scheme remains relevant for understanding government initiatives in the financial sector.
🎯 Exam Relevance: UPSC GS Paper 3, Banking Awareness, IBPS PO, RBI Grade B, SSC