Explanation:

The Assam government signed an MoU with 37 MFIs to provide financial relief to several lakh poor women borrowers in the state to help them maintain good credit discipline in Covid times by expending over Rs 7,000 crore to the lenders. The MoU will remain in force till March 31, 2023.Till June this year, there were 14 lakh women microfinance borrowers in the state of which about 11 lakh have either made regular repayments or whose payments are overdue, but are not marked as non-performing assets (NPA). To these categories of borrowers, the government will pay a one-time incentive up to Rs 25,000 to incentivize such credit discipline.