https://www.taxtmi.com/news?id=51605 Definition and regulatory framework for microfinance lending have been restructured: all collateral free loans to households within the specified income threshold are treated as microfinance loans, quantitative restrictions on NBFC MFIs have been removed, and the prior requirement for a minimum share of income generation loans has been dispensed with. Regulators require board approved interest rate policies, prohibit usurious charges, prescribe a ceiling on monthly repayment obligations as a percentage of household income, mandate borrower protection recovery guidelines and grievance mechanisms, and require credit institutions to report income and loan data to credit information companies to prevent over indebtedness. en-us Tue, 05 Aug 2025 18:26:38 +0530 Tue, 05 Aug 2025 18:26:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51605 Definition and regulatory framework for microfinance lending have been restructured: all collateral free loans to households within the specified income threshold are treated as microfinance loans, quantitative restrictions on NBFC MFIs have been removed, and the prior requirement for a minimum share of income generation loans has been dispensed with. Regulators require board approved interest rate policies, prohibit usurious charges, prescribe a ceiling on monthly repayment obligations as a percentage of household income, mandate borrower protection recovery guidelines and grievance mechanisms, and require credit institutions to report income and loan data to credit information companies to prevent over indebtedness. News - Tue, 05 Aug 2025 18:26:38 +0530 https://www.taxtmi.com/news?id=51605