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Assam budget brings cheer to microfinance borrowers | Guwahati News


Ajanta Neog in the assembly on Friday
GUWAHATI: The state budget, presented by finance minister Ajanta Neog, came as a big relief to borrowers of microfinance loans, for whom the state government has proposed a budgetary allocation of Rs 7,500 crore.
The main features of the scheme include categorization of clients into three groups headed by first category clients who have been regularly repaying their loans. Neog proposed to provide them a supportive incentive of Rs 25,000 for maintaining good credit discipline.
Category II clients are those whose payments are overdue by one to 89 days. For these clients, she said the overdue amounts would be paid. “Thereafter, once their accounts are classified as standard and they start servicing their instalments in time, they will be entitled to an incentive of Rs 25,000,” she added. ....

Ashok Singhal , Ajanta Neog , Fair Practices , Fair Practice Code , Assam Micro Finance Institutions , Money Lending , Assam Microfinance Incentive , Relief Scheme , அசோக் சிங்கால் , அஜந்தா நியோக் , நியாயமான ப்ர்யாக்டிஸஸ் , நியாயமான ப்ர்யாக்டீஸ் குறியீடு , அசாம் மைக்ரோ நிதி நிறுவனங்கள் , பணம் கடன் , துயர் நீக்கம் திட்டம் ,

Government will waive loans taken by poor women: Himanta Biswa Sarma


Government will waive loans taken by poor women: Himanta Biswa Sarma
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Synopsis
Opposition Congress has promised waiver of loans taken from MFIs if the party is voted to power in Assam in the upcoming assembly polls. Assam saw a spate of loan defaults and stress in rural households, raising the spectre of repayment crisis that hit Andhra Pradesh in 2010.
He said that Assam Microfinance Institutions (Regulation of Moneylending) Bill, 2020, which was passed in state assembly, is awaiting the Governor’s nod.
With microfinance lending turning out to be an election issue in Assam, finance minister Himanta Biswa Sarma said the government will waive the loans taken by poor women. ....

Himanta Biswa Sarma , Opposition Congress , Assam Micro Finance Institutions , Andhra Pradesh , Reserve Bank , Poor Women , Reserve Bank Of India , ஹீமந்த பிஸ்வா சர்மா , எதிர்ப்பு காங்கிரஸ் , அசாம் மைக்ரோ நிதி நிறுவனங்கள் , ஆந்திரா பிரதேஷ் , இருப்பு வங்கி , புவர் பெண்கள் , இருப்பு வங்கி ஆஃப் இந்தியா ,