Question
Which of the following is NOT true about
microfinance? i. These loans are unsecured loans of Upto Rs. 1 lakh mostly given following group lending methodology. ii. Only NBFC MFIs are allowed to give microfinance loans iii. RBI regulates the microfinance sectorSolution
Other than NBFC-MFIs, banks, NBFCs, and NGOs also provide microfinance loans.
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