Microfinance Loan Waiver Scheme: Sarma Launches Third Phase Of Microfinance Loan Waiver Scheme | Guwahati News

Microfinance Loan Waiver Scheme: Sarma Launches Third Phase Of Microfinance Loan Waiver Scheme | Guwahati News

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Guwahati: Assam CM Himanta Biswa Sarma on Saturday rolled out the third part of a scheme to waive microfinance loans availed by ladies of the state, benefiting over 2.23 lakh debtors.
Under this part of the Assam Micro Finance Incentive and Relief Scheme 2021 (AMFIRS), debtors whose mortgage accounts was non-performing property can be provided an excellent principal stability of as much as Rs 25,000.
“With a total relief cost of Rs 291 crore under this category, the state’s womenfolk will once again be able to avail fresh loans for their continued prosperity,” Sarma mentioned at an official perform right here.
Altogether 2,22,949 debtors will profit from this scheme, he mentioned, including that the lending establishments will waive the accrued curiosity and penalties for these ladies and provides them ‘no due’ certificates instantly.
Expressing his gratitude in the direction of the microfinance establishments for agreeing to waive round Rs 300 crore in curiosity revenue beneath the category-III reduction measures, Sarma appealed to the beneficiaries to make sure that any quantity borrowed from monetary lenders is repaid in full and on time from now onwards. PTI
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