https://www.taxtmi.com/news?id=26431 The Scheme provides collateral free microcredit through Member Lending Institutions for income generating activities across sectors, categorised into three loan bands-Shishu, Kishore and Tarun-with interest set by lenders within central bank guidelines. It advances financial inclusion under three pillars-Banking the Unbanked, Securing the Unsecured and Funding the Unfunded-prioritises women and disadvantaged borrowers, and is supported by an interest subvention for prompt repayment on the smallest loans and a Credit Guarantee Fund to back eligible micro loans. en-us Sat, 08 Apr 2023 12:27:07 +0530 Sat, 08 Apr 2023 12:27:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26431 The Scheme provides collateral free microcredit through Member Lending Institutions for income generating activities across sectors, categorised into three loan bands-Shishu, Kishore and Tarun-with interest set by lenders within central bank guidelines. It advances financial inclusion under three pillars-Banking the Unbanked, Securing the Unsecured and Funding the Unfunded-prioritises women and disadvantaged borrowers, and is supported by an interest subvention for prompt repayment on the smallest loans and a Credit Guarantee Fund to back eligible micro loans. News - Sat, 08 Apr 2023 12:27:07 +0530 https://www.taxtmi.com/news?id=26431