Altogether 38 MFIs and Banks signed the MoU with the state government. The MoU shall remain in force till March 31, 2023
It has announced a sum of Rs 25,000 for each regular client as an incentive to them to continue maintaining good credit discipline.
Poverty, micro-finance loan debts and the promise of easy money have pushed the family to sell the kidneys
Chief minister Himanta Biswa Sarma has allegedly termed his microfinance loan waiver promise as a political statement amidst poll rallies
The government of Assam has also strengthened the Assam Microfinance Institutions (Regulation of Moneylending) Bill, 2020, informed CM Sarma
Several women groups have even threatened mass suicide as the state minister had promised to waive off their loans before the elections
