Understanding Microfinance: How It Benefits Low-Income Individuals
Understanding Microfinance: How It Benefits Low-Income Individuals
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2011 marked a regulatory milestone for Indian microfinance. Acting on the Malegam Committee’s recommendations, the RBI introduced a master circular—defining NBFC-MFIs and setting clear rules for lending and recovery. This shift brought structure, oversight, and much-needed credibility to a sector emerging from the crisis. Follow and stay tuned as we continue to explore the history of microfinance through #Micromosaic #Microfinance #FinancialInclusion #RuralEmpowerment #WomenEntrepreneurs #Svamaa
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