Assam inks deal with banks for relief to women borrowers

Waiving microfinance loan dues was a poll promise of the BJP

The Assam government on Tuesday inked a deal with 38 microfinance institutions (MFIs) and banks to give relief to poor women borrowers. This was in keeping with a poll promise of the ruling Bharatiya Janata Party (BJP) to waive off microfinance loans of women. “With a view to providing succour to poor women borrowers who are not able to return the loan amount of MFIs, the Finance Department of the Government of Assam signed an MoU… for implementation of Assam Micro Finance Incentive and Relief Scheme (AMFIRS), 2021…” an official statement said.