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MICROFINANCE ELIGIBILITY CRITERIA
Earn below Rs 3 lakh? You could get a microfinance loan up to Rs 1.25 lakh — here’s how- DFS to discuss NBFC-to-bank conversionGovernment officials will meet top non-banking financial company executives on Thursday. The discussion will focus on sector issues. A key ...
- How microfinance loans work: Features, criteria and approval processIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 9...
- RBI lowers qualifying asset criteria for NBFC-MFIs to 60% from 75%The Reserve Bank of India has reduced the minimum qualifying microfinance assets for NBFC-MFIs from 75% to 60%, allowing them to diversify ...
- Jana Small Finance Bank to apply for universal bank license in MayJana Small Finance Bank is set to apply for a universal banking license in May, having met the RBI's stringent criteria, including reduced ...
- Only AU Small Finance Bank eligible to apply for universal bank license nowAU Small Finance Bank, the largest lender of the pack, has met all the eligibility criteria set by the regulator. AU has Rs 12,560 crore of...
- How to get a loan of ₹40,000 in India?In India, securing a ₹40,000 loan requires understanding loan eligibility, exploring various options like MFIs, NBFCs, and salary advance l...
- NCGTC issues guidelines for Rs 50,000-cr credit guarantee scheme for medical infraWhile announcing the scheme, Sitharaman had said, "A maximum loan of Rs 100 crore will be given with a capped interest rate of 7.95 per cen...
- Only standard loan accounts with no default as of March 1 can be recast under Covid scheme: RBIRBI said a loan account that was due for more than 30 days as on March 1, 2020, but subsequently got regularised, will not be ineligible fo...
- Nabard to offer 18 months refinance to smaller NBFC, MFIs under special liquidity schemeThe National Bank for Agriculture & Rural Development (Nabard), which received the Rs 5000-crore dedicated fund from RBI for making the ref...
- RBI outlines conditions for govt’s special liquidity schemes for NBFCs, HFCsThese companies should have made net profit in at least one of the last two preceding financial years - 2017-18 and 2018-19.
- Govt allows banks to buy securities of low-rated NBFCs under PCGS 2.0The Union Cabinet headed by Prime Minister Narendra Modi approved the scheme on Wednesday.
- Microfinance limits raised, sector gets shot in the armRBI has raised the household income limit for availing micro loans while enhanced the lending limit to Rs 1.25 lakh per eligible borrower f...
- Reserve Bank of India removes curbs on NBFCs for sale of mutual fundsSKS Microfinance, Shriram Transport, Bajaj Finance and LIC Housing Finance will still have to follow Sebi guidelines for selling mutual fun...
- Finance ministry opposes RBI's view to stretch priority sectors lending listThe finance ministry is opposing a Reserve Bank of India suggestion to widen the list of sectors eligible for priority sector lending.
- SKS Microfinance may approach RBI for bank licenceSKS Microfinance, which is passing through rough weathers, may approach the Reserve Bank for a banking licence, according to sources.
- NBFCs, MFIs seek entry to banking businessIndia is considering allowing new private sector banks, including by industrial houses, and a roadmap for the same could be announced in th...
- Fund-starved microfin cos get $8-m Grameen Foundation lifelineThe foundation’s financial guarantee may prompt reluctant banks to extend loans.
- PFRDA to launch pension scheme for poorInterim pension regulator PFRDA on Thursday introduced a new scheme, NSP Lite, for the economically deprived sections of the society.
- SMEs drive India's growth to prosperityIt makes sense to exempt SMEs from the eligibility criteria for IPOs.
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