Sucheta Dalal

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Suchetadalal's Discussion Forum » W e l c o m e

MICRO FINANCE LENDING - GOVERNMENT STEPS IN

(1 post)
  • Started 6 years ago by k a prasanna
  1. To stop the poor being exploited, by Micro Finance lending organization, the government has instructed the banks to ensure that the interest charged to the final borrowers is restricted to 24% p.a. At present the Micro Finance organizations charge any where between 30 -48% p.a. While analyzing the IPO of SKS micro,FIRST CHOICE had indicated that the interest are bound to be regulated by the government. The same has come true.

    Posted 6 years ago #

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