By:- Ajeet Kumar Singh, MD & Co-Founder, SAVE Group
“The extension of CGSMFI 2.0 is a timely and progressive step that reinforces the Government’s commitment to strengthening financial inclusion and supporting underserved communities. By enhancing credit guarantees for the microfinance sector, this initiative will encourage responsible lending, improve access to formal finance for low-income households and micro-entrepreneurs, and provide greater confidence to financial institutions serving the last mile.
At a time when millions of aspiring entrepreneurs and families are seeking opportunities for economic advancement, such policy support will play a crucial role in expanding credit outreach while maintaining the sustainability of the microfinance ecosystem. We believe the extension of CGSMFI 2.0 will further accelerate inclusive growth and contribute meaningfully to India’s vision of building a financially empowered and self-reliant society.”