India Budget 2026: MFIs ki mauj? Rural boost ka plan, Credit Guarantee pe kya hai update?

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AuthorRiya Kapoor|Published at:
India Budget 2026: MFIs ki mauj? Rural boost ka plan, Credit Guarantee pe kya hai update?
Overview

Budget 2026-27 aa gaya hai, aur is baar government ne gaon ki economy ko tagda karne ka plan banaya hai. Microfinance Institutions (NBFC-MFIs) ko seedha credit guarantee facility toh nahi mili, par is rural boost se unka business chalne ki ummeed hai. Alag se, ₹8,000 Crore ki credit guarantee scheme approve ho gayi hai!

So, Union Budget 2026-27 pesh ho gaya hai aur is baar focus kafi zyaada gaon ki taraf hai. Industry wale jo ek seedha credit guarantee facility maang rahe the NBFC-MFIs ke liye, woh budget speech mein toh nahi dikhi. Isse chote MFIs ko bankon se paisa lene mein thodi mushkil ho sakti hai.

Par ek achhi baat yeh hai ki government ne rural economy ko tagda karne ka full plan banaya hai. Fisheries, animal husbandry, aur high-value agriculture jaise sectors ko credit programs se boost milega. Aim yahi hai ki gaon ke logon ki income badhe, taaki woh loan time pe pay kar saken. Budget mein ₹10,000 Crore ka MSME growth fund aur ₹12.2 lakh Crore ka capital expenditure bhi hai.

Credit Guarantee pe kya hai update?
Waise, yeh jo ₹8,000 Crore ki credit guarantee scheme for micro-lenders hai na, woh Expenditure Finance Committee ne approve kar di hai. Yeh budget speech ka hissa nahi thi, par yeh banks ko encourage karegi ki woh chhote MFIs ko loan dein jinhe funding ki dikkat aa rahi hai. Basically, yeh budget ke bahar se support hai sector ke liye.

Sector ka future kaisa dikh raha hai?
Abhi sector ka outlook mila-jula hai. Kuch companies ko FY2026 mein profitability mein thodi problems aa sakti hain. Lekin ICRA ke hisaab se, Assets Under Management (AUM) FY2026 mein 8-12% tak grow kar sakta hai. India Ratings ne bhi outlook ko 'deteriorating' se 'neutral' kar diya hai, matlab cheezein ab behtar ho rahi hain. Collections bhi sudhar rahe hain, aur delinquencies kam ho rahi hain.

Muthoot Microfin ki kya kahani?
Muthoot Microfin, jo ki India ki doosri sabse badi NBFC-MFI hai, unke CEO Sadaf Sayeed ka kehna hai ki budget ka rural push unke core mission se match karta hai. Company apne funding ko diversify karne ke liye bond market ka bhi use kar rahi hai. Company ki market cap around ₹2,942 Cr se ₹3,046 Cr ke beech hai, aur P/E ratio lagbhag -8.4x hai jo unki current earnings status bata raha hai. February 2026 ki starting mein stock ₹170 se ₹180 ke range mein trade kar raha tha.

Industry experts kya bol rahe hain?
Sa-Dhan ke CEO, Jiji Mammen, ka bhi kehna hai ki rural economy hi microfinance ka growth driver hai, kyunki 80% operations wahi hote hain. Sector mein regulations bhi badal rahe hain, taaki borrower zyada loan na le lein. Toh overall, budget ke rural development plans sector ke liye kafi important honge.

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