NABARD introduces Debt and Credit Guarantee Product
The National Bank for Agriculture and Rural Development (NABARD) has unveiled a dedicated debt and credit guarantee product called as “Structured Finance and Partial Guarantee Program for Non-Banking Finance Companies (NBFC)-Micro Finance Institutions (MFIs)”. it aims to provide an undisturbed flow of credit to the last mile in rural areas hit by the Disease.
it will offer loans to small and mid-sized MFIs. in the beginning, Rs 2,500 crore will be released as the fund.