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

Assam has active announcement of compassionate with microfinance institutions (MFIs)

The Assam government has active announcement of compassionate or MoUs with microfinance institutions (MFIs) to advice women borrowers from poor families, the accompaniment government said on Tuesday.

A absolute of 38 MFIs and banks active the MoU with the accompaniment government, which will abide in force till March 31, 2023, the government said at the barrage of the programme abounding by Chief Minister Himanta Biswa Sarma and accompaniment ministers.

Microfinance Institutions Network, North East Small Finance Bank, Association of Small Finance Bank of India and Nightingale Finvest are amid some of the firms that accept active up.

Mr Sarma said the Assam government in its aboriginal chiffonier affair formed a board beneath the chairmanship of Housing and Urban Affairs Minister Ashok Singhal to fulfil its acclamation affiance of waiving microfinance accommodation for women from poor families who are not able to acknowledgment their loans.

"Accordingly, Assam Micro Finance Incentive and Abatement Scheme has been devised with an cold to antithesis abiding appearance of ensuring chain of microfinance for acknowledging bread-and-butter activities of low-income and poor households in the accompaniment and accouterment abatement to acceptable barter for tiding over accepted accent in the microfinance area due to assorted operational reasons," the Chief Minister said.

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