The Royal Government started National Credit Guarantee Scheme (NCGS) to ease access to finance to mitigate the adverse impacts of the pandemic on the economy and support kickstarting the revival of the economy.
To ensure the successful implementation of the Scheme, monitoring and reporting have become the lifeblood of NCGS. While projects supported under NCGS are spread across the country, the office doesn’t have its presence all over the Dzongkhags and Gewogs at the moment. Whereas, the Community Financing and Services Department (CFSD) under National CSI Development Bank Ltd. (NCSIDBL) already has its reach over 20 Dzongkhags.
Therefore the NCSIDBL and NCGSF signed MoU on 19th August 2021 to ensure timely and transparent monitoring and reporting of projects. CFSD will be carrying out monitoring of projects which are practically not reachable by the NCGS.