Micro finance: Empowering a Billion Dreams (Inaugural Address by Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India - October 27, 2021 - at the Sa-Dhan National Conference on “Revitalizing Financial Inclusion”)

Micro finance: Empowering a Billion Dreams (Inaugural Address by Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India - October 27, 2021 - at the Sa-Dhan National Conference on “Revitalizing Financial Inclusion”) https://www.taxtmi.com/news?id=24615 The proposed framework seeks to harmonise microfinance regulation across all lenders by prescribing a common definition of microfinance loans, linking loan amounts to household income so that total interest and principal payments on all household loans do not exceed 50% of household income, extending collateral-free status to all microfinance lenders, and replacing prescriptive interest ceilings with a requirement for board approved all inclusive interest rate policies and transparent pricing disclosures. en-us Thu, 28 Oct 2021 12:55:55 +0530 Thu, 28 Oct 2021 12:55:55 +0530 TaxTMI RSS Generator Micro finance: Empowering a Billion Dreams (Inaugural Address by Shri M. Rajeshwar Rao, Deputy Governor, Reserve Bank of India - October 27, 2021 - at the Sa-Dhan National Conference on “Revitalizing Financial Inclusion”) https://www.taxtmi.com/news?id=24615 The proposed framework seeks to harmonise microfinance regulation across all lenders by prescribing a common definition of microfinance loans, linking loan amounts to household income so that total interest and principal payments on all household loans do not exceed 50% of household income, extending collateral-free status to all microfinance lenders, and replacing prescriptive interest ceilings with a requirement for board approved all inclusive interest rate policies and transparent pricing disclosures. News - Thu, 28 Oct 2021 12:55:55 +0530 https://www.taxtmi.com/news?id=24615