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Friday, 4 October 2019

Home / Business News: Latest News on Business / Financial News / India Business & World Business News / Stock Markets / RBI increases lending limit of MFIs to Rs 1.25L

RBI increases lending limit of MFIs to Rs 1.25L

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The Reserve Bank of India (RBI) has raised the lending cap for microfinance institutions (MFIs) to Rs 1.25 lakh, against the earlier limit of Rs 1 lakh, to improve credit availability in rural and semi-urban areas.

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