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If successful, the action could scuttle operations of Education ministry, which uses the programme to keep learners’ data and disburse funds to schools

Get latest articles and stories on Latest News at LatestLY. The microfinance industry on Monday welcomed the revised directions for microfinance loans issued by the Reserve Bank of India (RBI) and said the harmonised regulations will usher in a new era, bring in uniformity and provide a level playing field in the sector. Latest News | RBIs Harmonised Regulations for Microfinance to Provide Level Playing Field, Increase Competitiveness: MFI Players.

What lies ahead for Assam microlenders? Microlenders operating in Assam may face an impasse following the enactment of a recent state law January 13, 2021 / 01:07 PM IST Worried microfinance institutions (MFIs) have initiated dialogues with the Assam State government, the Reserve Bank of India (RBI) and the central government with respect to a recent state law. The law was enacted by the Assam government to control the operations of the microlenders following reports of coercive lending pra...