After repeated strictures from the Reserve Bank on the industry's practices, the Microfinance Institutions Network (MFIN) on Monday announced a slew of changes to make lending to the bottom of the pyramid more "responsible".
From January 1, the self-regulatory organisation's members will ensure that a single MFI client's borrowings are limited to three MFIs as against four at present and the total indebtedness of a borrower including MFI and unsecured retail loans is capped at Rs 2 lakh, a statement said.
Diese Geschichte stammt aus der November 26, 2024-Ausgabe von The Free Press Journal.
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Constitution Day March today
The Constitution Day march will be held in Bhopal on Tuesday. On the eve of Constitution Day, sports minister Vishvas Sarang addressed the media about the Constitution Day March and the Viksit Bharat Young Leader Dialogue.
3 crushed to death, vehicle untraceable
Young lives lost
Doctors advise the aged and children to take precautions
The Doctors are advising people to take precautions in the wake of orange and yellow alerts in the State.
Shinde to step down today?
Chief Minister Eknath Shinde is expected to resign on Tuesday morning, surrounded by his closest allies and ladki bahins. Shiv Sena lawmakers have pushed for Shinde to remain in office, praising his leadership and the ladki bahin scheme which they believe played a key role in the Mahayuti alliance's victory in the recent Assembly elections.
Dhaka detains Hindu monk
Chinmoy Krishna Das Brahmachari, a Hindu priest and a religious minority leader in Bangladesh, who is also a member of the International Society for Krishna Consciousness (ISKCON), was taken into custody by the Dhaka Metropolitan Police at Hazrat Shahjalal International Airport on Monday.
THE POWER OF TWO: HOW BILINGUALISM ENHANCES YOUR CHILD'S FUTURE
Speaking two languages can help kids excel
8-YR-OLD GO-KARTING TALENT MAKES WAVES
Aarav debuts at FMSCI Rotax Max Challenge 2024, Eyes Formula 1
'Wicked', 'Gladiator II' rake in $270 million
HOLLYWOOD'S SIGH OF RELIEF
National Mission on Natural Farming launched
CABINET CLEARS RS 2800-CR SCHEME
INDIA BLOOM UNDER BUMRAH
DEFEAT AUS BY BIGGEST-EVER MARGIN
