Microfinance can facilitate the achievement of national policies that target poverty reduction, empowerment of women, assisting vulnerable groups, and improving standards of living. Elucidate. (250 words)

Topic: Inclusive growth and issues arising from it. 3. Microfinance can facilitate the achievement of national policies that target poverty reduction, empowerment of women, assisting vulnerable groups, and improving standards of living. Elucidate. (250 words) Difficulty level: Moderate Reference: The Hindu Why the question: The Reserve Bank of India (RBI) on Monday allowed microfinance institutions …

Insights into Editorial: RBI microfinance proposals that are anti-poor

    Introduction: In June 2021, the Reserve Bank of India (RBI) published a “Consultative Document on Regulation of Microfinance”. While the declared objective of this review is to promote the financial inclusion of the poor and competition among lenders, the likely impact of the recommendations is unfavourable to the poor. If implemented, they will …

RSTV: THE BIG PICTURE- REGULATORY FRAMEWORK FOR MICROFINANCE

Introduction: RBI has recently released its Consultative Document on Regulation of Microfinance sector aimed at protecting and empowering borrowers. As per the framework the household income will be as per Board approved policy. There will be no pre payment penalty and collateral for all microfinance loans and a simplified fact sheet on pricing of loans …

Insights into Editorial: Gauging household income key for microfinance clients

  Context: The microfinance movement in India is set to receive another dose of impetus with the Reserve Bank of India’s (RBI) recently released Consultative Document on Regulation of Microfinance in June 2021. The Reserve Bank of India had announced that a consultative document will be issued for harmonising the regulatory frameworks for various regulated …