Question
Download Solution PDFThe minimum requirement of microfinance loans for NBFC-MFls is _______
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 75% of the total assets.
Key Points
- NBFC-MFIs:-
- Non-Banking Financial Company-Micro Finance Institutions, are a type of non-banking financial institution in India.
- They are specifically designed to provide microfinance services, which typically target low-income individuals or groups who do not have access to traditional banking and financial services.
- Generally, NBFCs in India are regulated by the Reserve Bank of India (RBI), but NBFC-MFIs answer to a more specific set of regulations due to their unique business model.
- This is because they often deal with vulnerable sections of society, which necessitates particular safeguards.
- Microloans provided by MFIs are intended to help individuals start or expand their small businesses. Thus, they play an important role in poverty reduction and financial inclusion.
- The minimum requirement of microfinance loans for NBFC-MFls is 75% of the total assets.
Last updated on Jun 9, 2025
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