MFIs

MFIs welcome RBI’s decision to give priority tag for SFB loan to small microleaders, but want more

Microfinance industry officials have welcomed the steps announced by the Reserve Bank of India (RBI) to support small microleaders severely affected by the second wave of the epidemic. However, the industry was expecting more measures, including postponement of payments by borrowers for at least a few months, given the difficult operating environment. Announcing the measure …

MFIs welcome RBI’s decision to give priority tag for SFB loan to small microleaders, but want more Read More »

MFIs want emergency credit line, partial credit guarantee scheme from RBI to fight second wave of COVID-19

Sa-Dhan, one of Microlenders’ largest industrial corporations, has written to the Reserve Bank of India (RBI) seeking an emergency credit line to address the challenges posed by the second wave of COVID-19. Microfinance Institutions (MFIs) are companies that lend money to small lenders by 22-24 percent and mainly get money from banks to do business. …

MFIs want emergency credit line, partial credit guarantee scheme from RBI to fight second wave of COVID-19 Read More »

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