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Structured Finance and Partial Guarantee Programme to NBFC-MFIs launched 

  • IASbaba
  • August 26, 2020
  • 0
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Structured Finance and Partial Guarantee Programme to NBFC-MFIs launched 

Part of: GS-Prelims and GS-III – Economy 

In News:

  • National Bank for Agriculture and Rural Development (NABARD) has introduced ‘Structured Finance and Partial Guarantee Programme to NBFC-MFIs.’
  • The programme is for Non-Banking Financial Company (NBFC) and Microfinance Institutions (MFIs). 

Key takeaways 

  • It is a dedicated debt and credit guarantee programme. 
  • Objective: To ensure uninterrupted flow of credit to the last mile in COVID-19-affected rural areas.
  • NABARD will provide partial guarantee on loans given to small and mid-sized MFIs. 
  • It will help facilitate ₹2,500 crore funding in the initial phase. 
  • NABARD has recently signed agreements with Vivriti Capital and Ujjivan Small Finance Bank to roll out the initiative. 

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