microfinance institutions
Loan Rules: Revised RBI Regulations Empower Micro-Finance Firms to Offer Loans Openly
Anthony Lane
The Reserve Bank of India (RBI) has revised microfinance lending rules, allowing MFIs and NBFCs to offer loans more openly. Key changes include lower risk weights, deregulated interest rates, and enhanced credit flow to NBFCs. Additional protections ensure responsible lending and borrower transparency. This move encourages financial inclusion and promotes economic growth, benefiting both lenders and borrowers. Learn how these changes impact your finances and explore opportunities for better loan access.
