Finance Ministry Declares Joint Liability Group Micro Enterprises as Eligible Borrowers under Credit Guarantee Fund Scheme

The Finance Ministry has declared Joint Liability Group (JLG) micro-enterprises as eligible borrowers under the Credit Guarantee Fund Scheme. This decision aims to enhance credit access for micro-enterprises, particularly those operating as JLGs, by providing them with credit guarantees. The scheme is designed to support the growth and development of micro-enterprises by reducing the risk for lenders and encouraging them to extend credit to these businesses. The inclusion of JLG micro-enterprises in the scheme is expected to boost their financial stability and enable them to expand their operations. This move highlights the government’s commitment to supporting the micro-enterprise sector and promoting financial inclusion. The decision is part of broader efforts to strengthen the micro-enterprise ecosystem and ensure that these businesses have access to the necessary financial resources.