The National Bank for Agriculture and Rural Development (NABARD) announced the introduction of a dedicated debt and credit guarantee scheme for non-banking financial companies and microfinance institutions to make sure the abundant flow of credit in COVID-19 affected rural areas. Functions of NABARD National Bank for Agriculture and Rural Development is the apex development finance ..
Credit Guarantee Fund Trust for Micro and Small Enterprises: GK, General Studies and Current Affairs
The U.K. Sinha committee constituted by the Reserve Bank of India (RBI) to study the problems faced by MSMEs has recommended constituting stressed asset fund for domestic micro, small and medium enterprises (MSMEs) as a relief to small businesses hurt by demonetization, the goods and services tax and an ongoing liquidity crunch. Stressed Asset Fund ..