Question
Under funding support from MUDRA Scheme, how much amount
under Micro Credit Scheme (MCS) offered mainly through Micro Finance Institutions?Solution
Micro Credit Scheme (MCS) for loans up to 1 lakh finance through MFIs. Micro Credit Scheme is offered mainly through Micro Finance Institutions (MFIs), who deliver the credit up to 1 lakh, for various micro enterprise / small business activities. Although the model of delivery may be through SHGs/JLGs/ Individuals, the loans are given by the MFIs to individual entrepreneurs for specific income generating micro enterprise/ small business activities.
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