Microfinance Regulations:
GS Paper 3: Topics Covered: Inclusive growth and issues arising out of it. Context: RBI has released new microfinance lending norms. As per these norms: All entities, banks, non-banking financial companies (NBFCs), and microfinance institutions (MFIs) are subject to the same regulations. A microfinance loan is defined by the RBI as a ‘collateral-free’ loan …
