MFIs

Microfinance institutions, which have acted as a financial support system to low-income households by offering credit access to six crore borrowers in the last few years, will play a leading role in the growth process of India, according to…

India has a huge untapped population which doesn’t have facilities for financial aid and insurance, and it is perhaps plausible to look at the option of having niche players catering to smaller sectors akin to non-banks and microfinance…

New Delhi: The Reserve Bank of India (RBI) on Monday allowed microfinance lenders to fix interest rates on loans with a rider that those should not be usurious for the borrowers. A microfinance loan is defined as a collateral-free loan…

New Delhi: As Finance Minister Nirmala Sitharaman is all set to present the Union Budget 2022 on February 1, MFIs and fintech sector emphasises on a strong need to simplify and standardize financing for MSMEs, and give impetus to…

Assam government will kick start the process to provide relief to around 11 lakhs micro finance borrowers who are making regular payments to banks from the end of this month onwards. Assam Health Minister Keshab Mahanta said that the…

The RBI deputy governor reminded the industry that their customers often have lower level of financial awareness and literacy and ‘are often too desperate to turn away any source of credit’. Micro-finance lenders must refrain from…