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micro-credit

  1. MFIN to limit indebtedness per borrower to Rs 2 lakh

    MFIN to limit indebtedness per borrower to Rs 2 lakh

    Kolkata: Micro-credit indebtedness per borrower should be limited to Rs two lakh, while the number of lenders to a borrower should also be limited to a maximum of four, industry self-regulatory body MFIN said on Tuesday.With almost 80 per cent of micro loans having a tenure of 18 months or...
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    • body borrower crore income indebtedness industry lakh limited loan mfin micro-credit microfinance number repayment sector
    • Category: Business & Economy
  2. NBFC-MFIs largest providers of micro-credit: Report

    NBFC-MFIs largest providers of micro-credit: Report

    Kolkata, According to an industry body report, about 40 per cent of the micro loans disbursed by the end of FY 2023-24 were by NBFC-MFIs and 33 per cent by scheduled banks.Microfinance Industry Network (MFIN), a premier body of micro-finance institutions, said NBFC-MFIs are the largest...
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    • 2023-24 body cent disbursed financial followed industry loan loans march micro micro-credit nbfc-mfis report stood
    • Category: Business & Economy
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