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Micro-Finance Institutions News

21 Nov 2016

Demonetisation: RBI gives borrowers additional 60 days to repay loans after cash crunch

As a relief to the small borrowers, the RBI has said that banks, NBFCs, housing finance companies, NBFC (MFI) and other entities regulated by it are given additional 60 days time before classifying a loan account sub-standard.

Loans to small businesses

12 Jun 2015

Loans to small businesses may double to Rs 1lakh cr: Jaitley

Officials from the Department of Financial Services (DFS) updated the Finance Minister on the subsequent steps taken in this regard following the setting up of MUDRA Bank.

Micro-Finance Institutions

20 May 2015

MFIs seek more credit flow from banks

Leading micro-finance institutions (MFIs) operating out of West Bengal have sought an increase in credit flow from banks, the only source of finance for these entities.

08 Apr 2015

MUDRA to provide loans up to Rs 10 lakhs to small businesses

The Micro Units Development and Refinance Agency Ltd (MUDRA) will focus on the 5.75 crore self-employed who use funds of Rs 11 lakh crore and provide jobs to 12 crore people, he said.

09 Apr 2015

PM Narendra Modi launches Rs 20,000 crore MUDRA Bank

Prime Minister Narendra Modi on Wednesday launched MUDRA Bank which will provide credit of up to Rs 10 lakh to small entrepreneurs and act as a regulator for 'Micro-Finance Institutions' (MFIs).

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