New Delhi, March 2 -- The framework of India Microfinance Equity Fund (IMEF) has been revised to widen its reach and strengthen support for smaller and socially oriented microfinance institutions operating in underserved and unserved regions.

"The revised IMEF framework has been approved to enhance the scheme's reach and impact," SIDBI said.

The IMEF, a scheme of the Department of Financial Services (DFS) under the Ministry of Finance, is managed by Small Industries Development Bank of India (SIDBI).

The fund aims to promote poverty alleviation and financial inclusion by extending capital support to eligible microfinance entities. Applications for eligible entities are now open.

Enhanced Assistance and Wider Eligibility

Under the rev...