The Assam Microfinance Incentive and Relief Scheme (AMFIRS) was launched to:

Here is a brief explanation of each option:

• Provide debt relief to borrowers: The AMFIRS provides debt relief to borrowers who are unable to repay their loans due to natural calamities, death of a family member, or other unforeseen circumstances. This is done by waiving off a portion of the loan amount or by extending the repayment period.
• Regulate microfinance institutions: The AMFIRS regulates microfinance institutions to ensure that they are providing loans in a responsible manner and that borrowers are not being exploited. This is done by setting up a regulatory body, the Assam Microfinance Regulatory Authority, and by issuing guidelines for microfinance institutions to follow.
• Promote financial inclusion: The AMFIRS promotes financial inclusion by providing access to credit to the poor and marginalized sections of society. This is done by providing loans to people who would not otherwise be able to access credit, such as women, farmers, and small businesses.