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Microfinance loan portfolio stands at Rs 3.76 lakh cr at end of FY'24 Q2: Industry body

According to the report prepared by Microfinance Institutions Network (MFIN), a self-regulatory body of the NBFC-MFIs, microloan disbursals during the July-September quarter of 2023-24 touched Rs 76,054 crore, as compared to Rs 71,916 crore in the same period of the previous financial year. ....

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Microfinance Loan Waiver Scheme: Sarma Launches Third Phase Of Microfinance Loan Waiver Scheme | Guwahati News

Guwahati: Assam CM Himanta Biswa Sarma on Saturday rolled out the third phase of a scheme to waive microfinance loans availed by women of the state, b. ....

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NHT looks for more ways to grow housing microfinance loan programme

The Housing Microfinance Loan Programme, a facility launched by the National Housing Trust, NHT, back in 2017 in partnership with credit unions to lighten the burden on contributors funding home purchase fees and incidentals upfront, has been. ....

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RBI allows MFIs to fix interest rates

In the past, the central bank used to announce the rates on quarterly basis. ....

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Microfinance lenders cannot charge usurious interest rate: RBI

A microfinance loan is defined as a collateral-free loan given to a household having an annual income of up to Rs 3 lakh. ....

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