rbi speech, 2005-08-06
The term 'micro-finance' has been given a working definition by the Task Force on Supportive Policy and Regulatory Framework for Micro-Finance set up by NABARD in November 1998 as: 'provision of thrift, credit and other financial services and products of very small amounts to the poor in rural, semi-urban and urban areas for enabling them to raise their income levels and improve living standards'.
Sentiment: neutral
Topic: mp_credit