Link here FINMIN RBI NABARD on BANK LENDING TO MFIs

Key Takeaways:

1.  Ministry of Finance ( Govt of India):  Has directed Public banks to monitor & ensure MFI APR’s (All inclusive interest rates i.e including membership fees, death fund, relief fund & the infamous “5%-10% Upfront non-interest bearing security deposit or margin” etc) within 22-24%.
2. Reserve Bank of India: Constituted a VK Sharma Committee Report to reevaluate MFI Lending qualifying for PSL. ET reports, qualification to go with a sunset clause. 
3. NABARD: Submitted report to Govt & Clubs MFI’s with other expensive sources of credit

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