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.

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.

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.

PM 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).

PM Narendra Modi launches Rs 20,000 crore MUDRA Bank

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).

Parliamentary panel asks to bring fresh Micro Finance Bill

A Parliamentary panel has rejected the bill on micro-finance institutions (MFIs) and asked the government to bring a fresh legislation before Parliament.

MFIs delinquency rate declines 20% in Apr-Oct this fiscal

Credit information company ECIS Monday said the delinquency rate of micro-finance institutions (MFIs) has declined by 20 percent between April and October 2013.

RBI not to allow MFIs to charge interest of more than 26%

The Reserve Bank of India (RBI) on Saturday said micro-finance institutions (MFIs) cannot charge interest rate of more than 26 percent.

MFIs should explore the option of tapping capital mkts:Mayaram

Micro-finance institutions need to explore the option of raising funds from the capital market and take advantage of the government schemes for investment purposes, a top finance ministry official said Wednesday.

MFIs should follow respectful method of loan recovery: FM

The micro-finance institutions (MFIs) need to have a code of conduct and must follow "respectful" methods for recovery of loans, Finance Minister P Chidambaram said Tuesday.

Microfinance firms now non-bank finance cos

The Reserve Bank of India (RBI) on Friday said it was introducing micro-finance institutions (MFIs) as a new category of non-banking finance companies following the recommendations made by the Malegam Committee which submitted its report in January 2011.

Govt likely to introduce Micro-Finance Bill in Winter Session

The government is likely to introduce a Bill that seeks to make it mandatory for all micro-finance institutions to be registered with the Reserve Bank of India and entrusts the task of regulating the sector to the central bank in the Winter Session of Parliament.

Axis Bank to step up lending to MFIs

Private banker Axis Bank on Saturday said it would step up lending to micro-finance institutions (MFIs) sector in which the bank is already having an exposure of Rs 800 crore.