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Govt clears Rs 20,000 crore credit guarantee scheme for MFIs; funding access in focus

The government has approved a limited-period Rs 20,000-crore credit guarantee scheme aimed at easing fund flow constraints faced by microfinance institutions (MFIs), according to a PTI report.The Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0) will cover loans disbursed by member lending institutions (MLIs), including banks and other lenders, to non-banking finance company-MFIs and MFIs till…

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Raymond MD Gautam Singhania injured in Maldives speedboat accident; 2 Indians missing | India News

NEW DELHI: Raymond Group Chairman and Managing Director Gautam Hari Singhania suffered minor injuries after a speedboat carrying tourists capsized in the Maldives early Friday, while two Indian men, including rally driver Hari Singh, are feared missing and search operations are underway.Singhania was among seven people on board the vessel that overturned near V Felidhoo….

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