Facts for Prelims (FFP) Source: TOI Context: The Microfinance Industry Network (MFIN) launched the third edition of “Micro Matters: Macro View – India Microfinance Review FY 2022-23” in Mumbai. Key findings of the review: The microfinance sector added 87 lakh new women clients, reaching approx. 6 crore low-income women clients with outstanding credit …
Context: The microfinance movement in India is set to receive another dose of impetus with the Reserve Bank of India’s (RBI) recently released Consultative Document on Regulation of Microfinance in June 2021. The Reserve Bank of India had announced that a consultative document will be issued for harmonising the regulatory frameworks for various regulated …
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