rbi speech, 2005-08-06
However, for the purpose of exempting the micro-finance companies registered under Section 25 of the Companies Act from the core regulatory provisions attracted by NBFCs, such companies are required by RBI to be engaged solely in extending micro-finance upto Rs.50,000 for small businesses and upto Rs.1.25 lakh for housing in rural areas.
Sentiment: neutral
Topic: mp_credit