Indian government to set up credit guarantee fund to support Rs 40,000-crore Financial Inclusion Mission
NEW DELHI: The government will set up a credit guarantee fund to support its over Rs 40,000-crore new Financial Inclusion Mission, which envisages to give a Rs 5,000 overdraft facility to around 8 crore new account holders.
- Financial Inclusion
- South Asia
India’s Startup Focus Needs to Include Social Enterprises: How the 2014 budget can improve the ecosystem
The initial Indian budget, recently tabled by Finance Minister Arun Jaitley, has focused on startups and entrepreneurs by setting aside INR 10,000 Crores (USD $1.6 billion) in various initiatives. But it’s also essential that social enterprises and their specific funding requirements are considered.