Language:English

Schemes

Micro Finance Programme Performance and Credit Rating
Ministry/Department Ministry of MSME
Scheme Name Micro Finance Programme Performance and Credit Rating
Component Credit
Sub Component Finance
Applicant MFIs/NGOs
Quantum of Assistance (in Brief)

Government of India provide funds for micro finance programme to SIDBI, which is called ‘Portfolio Risk Fund’ (PRF). At present SIDBI takes fixed deposit equal to 10% of loan amount. The share of MFIs/NGOs is 2.5% of loan amount (i.e., 25% of security deposit) and balance 7.5% (i.e., 75% of security deposit) is adjusted from funds provided by the Government of India.

Link for Detail http://www.dcmsme.gov.in/schemes/microfinance.htm