Latest Updates Around The World
The top 15-20 NBFC-MFIs account for about 85 percent of the portfolio of NBFC-MFIs | Photo credit: Getty Images With just 20 days to go for the Union Budget, small and medium NBFC-MFIs (non-banking finance companies – microfinance institutions) are hoping that a credit guarantee scheme – mooted by industry bodies last year to encourage […]
Mfin and SA-Dhan have cited the success of the COVID period Scheme of the government for MFIs, which offered a 75% guarantee on financing extended by member loan institutions (MLIs) to NBFC-MFIS/MFIs for further on-lending to be eligible for eligible small borrowers | Photocredit: Getty images To encourage banks to increase lending to the non-bank […]
