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Micro Finance Institutions News

05 May 2021

SFB loans to MFIs for on-lending to be classified as priority sector lending

The decision has been taken to address the liquidity issues of MFIs amid the severe Covid crisis. This facility will be available up to March 31, 2022. Loans disbursed under the scheme will continue to be classified under the priority sector.

Finance Ministry

06 Sep 2015

Finance Ministry may introduce MUDRA Bill in Budget session

The existing Pradhan Mantri Micro Units Development and Refinance Agency (MUDRA) Yojana is being executed through NBFC registered with RBI.

07 Apr 2015

RBI raises lending limit for MFIs

The Reserve Bank Tuesday allowed Micro Finance Institutions (MFI) to lend up to Rs 1 lakh to small borrowers.

25 Jul 2014

Govt starts consultations for enacting law for MFIs

Government has started consultations with all stake-holders, including state governments, for enacting a law to regulate Micro Finance Institutions (MFIs) for ensuring interests of customers.

18 Jul 2014

Muthoot, Manappuram surge up to 9% on RBI's draft guidelines

Shares of non-banking finance companies Muthoot Finance and Manappuram Finance soared as much as 9 percent in morning trade Friday after the Reserve Bank released draft guidelines for licensing of both payments banks and small banks.

Micro Finance Institutions

11 Jun 2014

MFIs should be given micro credit banking licence: Yunus

Micro finance institutions (MFI) in India need to be given special micro credit banking licence enabling them to raise deposits for the lending requirements, Nobel Laureate and father of micro credit concept Muhammad Yunus said Wednesday.

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