The delivery of microfinance institutions (MFIs) around the world follows a variety of different methodologies for the provision of financial services to low–income families. The Task Force constituted by NABARD in 1998 to arrive at a conceptual policy framework encompassing issues in policy, regulation, financing, and capacity building, for sustainable growth of Micro Finance in…
RBI on Wednesday(July 3, 2024) today advised all authorised dealers that the earlier circular A.P.(DIR Series) Circular No. 16 dated September 12, 2002, A.P.(DIR Series) Circular No. 55 dated December 23, 2003 and A. P. (DIR Series) Circular No.118 dated May 07, 2012, has since been withdrawn with immediate effect and Authorised Dealers shall obtain…
The concept of Grameen Bank has its roots in Grameen Bank of Bangladesh which was developed by the Nobel Laureate Prof. Muhammad Yunus. By establishing Grameen Bank in 1983, Muhammad Yunus sought to realise his vision of self-support for the very poorest people using loans on easy terms. The bank has since been a source…