Malegam panel breathes new life into Indian Microfinance Sector

The Indian microfinance industry shrouded in uncertainty on concern about their lending practices, and a crackdown by the Andhra Pradesh government, can finally breathe easy. A RBI Committee on has suggested that micro finance institutions (MFIs) be allowed to charge a maximum interest of 24 per cent on small loans which cannot exceed Rs 25,000.

Report brings Clarity for Microfinance Institutions – NDTV

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