Micro Finance Company (NBFC-MFI)
What is Micro Finance Company (NBFC-MFI)?
- A Micro Finance Company is an NBFC registered with the RBI that provides small-ticket loans to economically weaker sections of society.
- These loans are typically given to:
- Low-income individuals
- Self Help Groups (SHGs)
- Small entrepreneurs
- Rural and semi-urban borrowers
- The main goal is financial inclusion and improved access to credit.
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