India ne Microfinance Sector ko diya Bada Sahara! Launch hua Rs 20,000 Cr ka Guarantee Scheme

BANKINGFINANCE
Whalesbook Logo
AuthorVihaan Mehta|Published at:
India ne Microfinance Sector ko diya Bada Sahara! Launch hua Rs 20,000 Cr ka Guarantee Scheme
Overview

Arre bhaiyo, suno! Indian government ne chala hai ek mast plan MFIs (Microfinance Institutions) ke liye. Unhone launch kiya hai Credit Guarantee Scheme for Microfinance Institutions-2.0 (CGSMFI-2.0), jisme **₹20,000 crore** ka guarantee diya jayega lending boost karne ke liye.

So, ye jo naya scheme hai, CGSMFI-2.0, ye March 20, 2026 se start ho raha hai. Iska main goal hai ki banks aur financial institutions se MFIs ko loans milne mein risk kam ho jaye. Government 80% tak ka guarantee dega. Chote MFIs ke liye 80%, medium ke liye 75% aur bade MFIs ke liye 70% coverage rahega. Ye scheme June 30, 2026 tak valid hai ya jab tak yeh ₹20,000 crore ka guarantee limit pura na ho jaye.

Abhi market mein thodi gadbad hai, global tensions ki wajah se oil prices badh rahi hain, inflation bhi upar ja raha hai. Isse Indian Rupee bhi weak ho raha hai aur foreign investors paisa nikal rahe hain. Is situation mein MFIs jaisi risky sectors ke liye funding mushkil ho sakti hai, borrowing cost badh sakta hai.

Bole toh, kuch MFIs aur Small Finance Banks ka performance abhi mila-jula hai. Jaise Utkarsh Small Finance Bank ka stock price gir gaya tha, aur ab revenue aur profit bhi kam ho raha hai. Fusion Micro Finance ka bhi operating income negative growth dikh raha hai agle teen saal mein. Ujjivan Small Finance Bank ko analysts undervalued maan rahe hain, target price ₹73 diya hai jabki stock ₹51 ke aas paas hai. Equitas Small Finance Bank ka net interest margin kam ho raha hai. Suryoday Small Finance Bank ka Q3 FY26 mein profit badha hai, par NPAs bhi badh rahe hain. Esaf Small Finance Bank toh ekdum all-time low par chal raha hai, ₹22.8 ke aas paas, aur capital adequacy ratio (CAR) bhi kaafi kam hai.

Scheme se MFIs ko critical safety net milega, par risk pura khatam nahi hua. Geopolitical instability aur regulatory changes jaise Bihar mein aaya Bill, ye sab dikkatein paida kar sakte hain. MFI sector mein credit costs kaafi volatile rahe hain, 2.7% (FY24) se 8.7% (FY25) tak pahunch gaye the. CRISIL ka kehna hai ki FY27 tak credit costs 6-7% ho sakte hain aur ROA thoda positive (0.0-0.5%) ho sakta hai. Par abhi bhi market sentiment weak hai, recovery global affairs aur domestic conditions par depend karega. Is sector ki asli resilience abhi test hogi.

Disclaimer:This content is for informational purposes only and does not constitute financial or investment advice. Readers should consult a SEBI-registered advisor before making decisions. Investments are subject to market risks, and past performance does not guarantee future results. The publisher and authors are not liable for any losses. Accuracy and completeness are not guaranteed, and views expressed may not reflect the publication’s editorial stance.