Assam Signs MoUs With Microfinance Firms To Waive Loans Taken By The Poor

A total of 38 MFIs and banks signed the MoU with the state government, which will remain in force till March 31, 2023

The Assam government has signed memorandum of understanding or MoUs with microfinance institutions (MFIs) to help women borrowers from poor families, the state government said on Tuesday. A total of 38 MFIs and banks signed the MoU with the state government, which will remain in force till March 31, 2023, the government said at the launch of the programme attended by Chief Minister Himanta Biswa Sarma and state ministers. Microfinance Institutions Network, North East Small Finance Bank, Association of Small Finance Bank of India and Nightingale Finvest are among some of the firms that have signed up.