ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!


    Question

    Which of the following institutions is in last mile

    financer under Aajeevika Microfinance Yojana (Livelihood Microfinance Scheme)?
    A Commercial Banks Correct Answer Incorrect Answer
    B Rural Cooperative Banks Correct Answer Incorrect Answer
    C Urban Cooperative Banks Correct Answer Incorrect Answer
    D Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI). Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Last Mile Financier i.e. NBFC-MFI fulfilling the following norms shall be considered eligible to avail financial assistance from NSFDC: The NBFC-MFI should be registered with the RBI as Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI).NBFC-MFI should be following all RBI norms related to Micro Finance.The NBFC-MFI should have 3 years of continuous profit track record.┬а The NBFC-MFI should have Gross Non-Performing Assets (NPA) less than┬а┬а┬а 2 % and net NPA below 0.5% as per their Annual Accounts for the preceding financial year.The NBFC-MFI should be a member of a Credit Bureau.

    Practice Next
    More Economic and Social Issues ESI Questions
    ask-question