Focus on Regional Rural Banks and Micro Finance Institutions as Means Financial Inclusion - Union Budget Proposes Creation of Women’s Shg’s Development Fund and Indian Microfinance Equity Fund

Focus on Regional Rural Banks and Micro Finance Institutions as Means Financial Inclusion - Union Budget Proposes Creation of Women’s Shg’s Development Fund and Indian Microfinance Equity Fund https://www.taxtmi.com/news?id=1556 The budget proposes reinforcing capital adequacy for Regional Rural Banks and public sector banks through continued government capital infusion to meet minimum capital ratios, while establishing an India Microfinance Equity Fund with SIDBI to provide equity to smaller MFIs to support growth and scale and considering a regulatory framework to protect small borrowers. It also proposes a Women's SHG's Development Fund to empower women and promote self help groups. en-us Mon, 28 Feb 2011 13:40:54 +0530 Mon, 28 Feb 2011 13:40:54 +0530 TaxTMI RSS Generator Focus on Regional Rural Banks and Micro Finance Institutions as Means Financial Inclusion - Union Budget Proposes Creation of Women’s Shg’s Development Fund and Indian Microfinance Equity Fund https://www.taxtmi.com/news?id=1556 The budget proposes reinforcing capital adequacy for Regional Rural Banks and public sector banks through continued government capital infusion to meet minimum capital ratios, while establishing an India Microfinance Equity Fund with SIDBI to provide equity to smaller MFIs to support growth and scale and considering a regulatory framework to protect small borrowers. It also proposes a Women's SHG's Development Fund to empower women and promote self help groups. News - Mon, 28 Feb 2011 13:40:54 +0530 https://www.taxtmi.com/news?id=1556