NBFC-MFIs Proposal to Raise Household Income Limit for Micro Loans
01
Mar
NBFC-MFIs Proposal to Raise Household Income Limit for Micro Loans Subject: Economy Section: Monetary Policy The NBFC-MFIs (Non-Banking Finance Company – Microfinance Institutions) are urging the Reserve Bank of India (RBI) to reconsider the criteria for annual household income limits for providing microloans, citing the growing needs of individual borrowers. Here’s an overview […]