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Special fund for MFIs...

January 24, 2025

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Financial Express Kochi

The combined loan outstanding of the MFIs stood at around ₹1.7 lakh crore as on March 31, 2024. And 60% of this amount has been lent by large MFIs

MFIs issue small-value loans and provide banking services to the underserved populations in the country. As of today, there are more than 200 MFIs in India, and among them about 80% are of small and mid-sized category.

The Reserve Bank of India (RBI) regulates MFIs in India through the Non-Banking Financial Company-Micro Finance Institutions (NBFC-MFIs) framework, issued in July, 2014.

The combined loan outstanding of the MFIs stood at around ₹1.7 lakh crore as on 31st March, 2024. And 60% of this amount has been lent by large MFIs.

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