https://www.taxtmi.com/news?id=22190 Microfinance should expand access through collaboration among banks, NBFCs, MFIs and FinTechs, leveraging digital on boarding, AI and alternate credit scoring to serve low income clients while addressing risks. Policy measures such as co origination for priority sector lending and bank funding to NBFCs for on lending are highlighted to boost credit to microenterprises and SHGs. Emphasis is placed on consumer protection, adherence to Responsible Lending and Conduct codes, geographic diversification, digital literacy, data privacy, and regulatory sandboxes-with SIDBI proposed to handhold technology adoption and host test ecosystems for customer centric digital microfinance. en-us Thu, 28 Nov 2019 16:25:03 +0530 Thu, 28 Nov 2019 16:25:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22190 Microfinance should expand access through collaboration among banks, NBFCs, MFIs and FinTechs, leveraging digital on boarding, AI and alternate credit scoring to serve low income clients while addressing risks. Policy measures such as co origination for priority sector lending and bank funding to NBFCs for on lending are highlighted to boost credit to microenterprises and SHGs. Emphasis is placed on consumer protection, adherence to Responsible Lending and Conduct codes, geographic diversification, digital literacy, data privacy, and regulatory sandboxes-with SIDBI proposed to handhold technology adoption and host test ecosystems for customer centric digital microfinance. News - Thu, 28 Nov 2019 16:25:03 +0530 https://www.taxtmi.com/news?id=22190