Get latest articles and stories on Latest News at LatestLY. The microfinance industry on Monday welcomed the revised directions for microfinance loans issued by the Reserve Bank of India (RBI) and said the harmonised regulations will usher in a new era, bring in uniformity and provide a level playing field in the sector. Latest News | RBI s Harmonised Regulations for Microfinance to Provide Level Playing Field, Increase Competitiveness: MFI Players.
Committee on microfinance loans to suggest quantum of waiver: Himanta Biswa Sarma
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Synopsis
Sarma, while talking to media persons on Thursday, said, “Waiver of loan for microfinance borrowers will be given on both principal and interest and the committee formed by the state government will fix the quantum of waiver. We are committed to our poll promise and will implement this.”
Agencies
The BJP led government, soon after coming to power, formed a committee to fulfil its election promise of providing waiver of loan of Microfinance borrowers.
Assam chief minister Himanta Biswa Sarma said that the state government formed committee on micro finance loan waiver will suggest the quantum of waiver.