Assam Micro Finance Incentive and Relief Scheme

The Finance Department of the Assam government signed a Memorandum of Understanding with Micro Finance Institutions (MFIs) to implement the Assam Micro Finance Incentive and Relief Scheme (AMFIRS), 2021.

  • Altogether 38 MFIs and banks signed the MoU with the state government, which will remain in force till March 31, 2023.
  • There were 14 lakh microfinance borrowers in the state till June this year and the new scheme will involve Rs 12,000 crore credit portfolio, out of which the state government will be required to expend around Rs 7,200 crore.
  • Relief shall be extended to all borrowers for loans from up to three lenders ....
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