Microfinance Institutions (MFIs) Current Affairs, GK & News

RBI: All micro loans must be collateral-free

The Reserve Bank of India (RBI) has proposed to make micro-lending collateral-free for all the lenders, rather than just for microfinance institutions (MFIs). Highlights This proposal was announced by RBI deputy governor Rajeshwar Rao while he was delivering the inaugural address at Sa-Dhan National Conference on ‘Revitalising financial inclusion’. In his address, he noted that, ..