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The Ministry of Finance has extended the validity of the Credit Guarantee Scheme for Microfinance Institutions until August 2026. The government simultaneously increased the maximum lending limit for non-banking financial companies to one thousand crore rupees. This strategic policy intervention guarantees continued liquidity flow to low-income borrowers and small-scale entrepreneurs, effectively ensuring post-pandemic financial stability, promoting inclusive economic growth, and significantly bolstering the grassroots microcredit ecosystem across India.
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