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Credit Guarantee Scheme for Microfinance Institutions -2.0 (CGSMFI-2.0)

The Central Government has approved the ‘Credit Guarantee Scheme for Microfinance Institutions – 2.0 (CGSMFI-2.0) for the purpose of providing credit guarantees to loans extended by the Banks to finance eligible borrowers being Non-Banking Financial Company - Microfinance Institutions (NBFC-MFI) and MFIs.

The broad objective of CGSMFI 2.0 is to provide guarantee coverage to Banks for financial assistance extended by them to Non-Banking Financial Company - Microfinance Institutions (NBFC-MFI) and MFIs for on-lending to existing or new small borrowers within the regulatory definition of micro finance as prescribed by RBI from time to time.

The Scheme has come into force from 20.03.2026 and shall cover all loans sanctioned by the Banks to NBFC-MFIs/MFIs up to 30.06.2026 or till loans for an amount of Rs 20,000 crore are issued by NCGTC, whichever is earlier.

To avail the above benefits, request to contact your respective Relationship Manager.

Please note you will be redirected to a third-party website by clicking on the below button.

Link to the scheme

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Credit Guarantee Scheme for Microfinance Institutions -2.0 (CGSMFI-2.0)