https://www.taxtmi.com/news?id=11076 Bank credit to microfinance institutions for on lending to individuals and SHG/JLG members may be classified as priority sector where the MFI maintains not less than 85% of assets as qualifying assets (excluding certain liquid balances and securities) and where at least 75% of its loans finance income generating activities; qualifying assets must meet conditions on household income, indebtedness, loan amount, tenure and repayment periodicity, and domestic scheduled commercial banks must meet prescribed priority sector allocation of adjusted net bank credit or off balance sheet equivalents. en-us Fri, 26 Apr 2013 18:18:43 +0530 Fri, 26 Apr 2013 18:18:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11076 Bank credit to microfinance institutions for on lending to individuals and SHG/JLG members may be classified as priority sector where the MFI maintains not less than 85% of assets as qualifying assets (excluding certain liquid balances and securities) and where at least 75% of its loans finance income generating activities; qualifying assets must meet conditions on household income, indebtedness, loan amount, tenure and repayment periodicity, and domestic scheduled commercial banks must meet prescribed priority sector allocation of adjusted net bank credit or off balance sheet equivalents. News - Fri, 26 Apr 2013 18:18:43 +0530 https://www.taxtmi.com/news?id=11076