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GOVERNMENT SUPPORT FOR MFIS
Risks cloud hover over microfinanceThe Reserve Bank of India, too, raised concerns over higher inflation due to low average rainfall and supply chain disruptions due to geopo...- Government unveils Rs 20000 crore credit guarantee plan for MFIsThe government has announced an ambitious Rs 20,000 crore credit guarantee scheme targeting microfinance institutions, a lifeline for those...
- Government plans credit guarantee scheme to ease MFI stressThe scheme would encourage banks to lend to microfinance institutions (MFIs), especially the smaller ones, which are facing liquidity crunc...
- Boost financial inclusion with fair rates: DFS Secy to MFIsMicrofinance institutions are urged to maintain fair interest rates. The Department of Financial Services secretary expressed concern over ...
- Microfin lenders mull dedicated special-purpose funding bodyMicrofinance lenders in India are considering setting up a dedicated funding institution to provide a consistent stream of long-term financ...
- Indian microfinance sector seeks a dedicated funding institution in line with Bangladesh modelThe small and medium-sized microfinance lenders more than often struggle to mobilise funds while banks are generally more liberal in openin...
- Borrowing cost for MFIs set to rise by 200-400 bpsStress in the bottom of the social segment still remains high with about 5% borrowers whose businesses were dependent on the tourism and ed...
- MFI industry seeks higher credit guarantee scheme in budget 2022In the budget representation to the ministry, the self regulatory body (SRO) of MFIs said the sector is facing a few challenges in terms of...
- MFI body Sa-Dhan writes to FM seeking Rs 7,500 crores towards Credit Guarantee Scheme“We would like to take this opportunity to request you to approve an additional amount of Rs 7500 crores for the Credit Guarantee Scheme fo...
- Mobilising, preserving cash key concerns for MFIsWith loan repayment facing such a sharp fall from an average 85% at the end of March, the lenders are facing severe cash flow mismatches as...
- Conserving cash immediate objective of most MFI firmsConserving cash is the immediate objective for most microfinance firms now with average collections dwindling to about 65%, making loan dis...
- NBFC-MFIs to begin fresh lending only after expiry of moratoriumThe total estimated collective disbursements by NBFC-MFIs up to September could merely be Rs 2,884 crore, Microfinance Institutions Network...
- MFI industry seeks more refinance from DFIs in budgetMany of 200-odd MFIs operating in the country work as BCs for the banks for credit disbursements for which an 18 per cent GST is levied on ...
- MFIs seek funding support from banks, SidbiWhile bigger and well managed NBFC-MFIs are still managing to receive funds, though at a higher cost, the smaller ones are shunned because ...
- Sidbi plans 20% higher credit support for MFIs this fiscalSIDBI has recently issued a detailed operational guidelines for MFIs and capped lending rates at 26% a year.
- MFIs' business model faulty: PM PanelPrime Minister's economic panel today said the business model of microfinance institutions (MFIs) is faulty and they should charge interest...
- Govt to review fund-raising plans of MFIsThe government does not appear to be too keen on unbridled growth of microfinance institutions (MFIs) and wants a review of the fund-raisin...
- Naidu demands tab on MFIs; appeals to women not to repay loansTDP President N Chandrababu Naidu today appealed to women not to repay loans they secured from Micro-Finance Institutions till the governme...
- AP Government to act tough against erring MFIsAndhra Pradesh CM K Rosaiah on Saturday directed the District Collectors to act tough against microfinance institutions that were fleecing ...
- MFI's to play a significant role in credit delivery to the poorIf the RBI governor's remarks are any indication, MFIs here are going to play an significant role in credit delivery to the poor in the reg...
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