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micro finance institutions: Assam rolls out second phase of Micro Finance Institutions Relief Scheme

01/02/2022
in Finance
micro finance institutions: Assam rolls out second phase of Micro Finance Institutions Relief Scheme
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Assam on Sunday rolled out the second section of Assam Micro Finance Institutions Relief Scheme for these frequently paying the installment of micro finance mortgage.

Assam Chief Minister Himanta Biswa Sarma handed over cheques to five,024 beneficiaries of Gohpur, Behali, Sootea and Biswanath at a programme held at Biswanath.

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Underneath Section-II of Assam Micro Finance Institutions Reduction Scheme, a complete of 12,590 will obtain their cheques in Biswanath district. Throughout this section of the scheme, these debtors who’ve been repaying frequently could be benefitted.

They are going to be offered a one-time incentive of Rs 25,000/- or excellent steadiness, whichever is much less. That is an incentive for them to proceed sustaining good credit score self-discipline. Whole 11 lakh girls would profit throughout this section of the scheme.

Urging beneficiaries to make use of these incentives judiciously in order that their CIBIL Scores enhance & they change into eligible for extra loans in future, The Chief Minister stated the microfinance establishments must also make the mortgage candidates conscious in regards to the compensation circumstances.

He additionally knowledgeable {that a} new portal will probably be opened from subsequent month the place these girls beneficiaries who haven’t been capable of repay their microfinance loans in any respect, would be capable to register themselves and State Authorities will assist them to repay their loans.



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