Microfinance is a way in which loans, credit, insurance, access to savings accounts, and money transfers are provided to small business owners and entrepreneurs in the underdeveloped parts of India. The beneficiaries of microfinance are those who do not have access to these traditional financial easiest way to apply for Microfinance is to be a part of the Joint Liability Group (JLG). An existing member of the JLG may recommend you as a new member eligible for a microfinance loan. Visit your nearest Muthoot Microfin Ltd branch or contact on our toll free number 1800 102 1616 to know In India a large segment of the society, particularly low-income people, have very little access to formal financial services. The Indian government and RBI have been proactive in promoting ‘Financial Inclusion’ and among the various initiatives, reaching out to the un-banked and under-banked populace in partnership with MFIs and/or Pvt. Ltd. Cos. has been seen as an innovative and …Loan Product: IGL: Loan Amount: INR 10,000 to 75,000: Rate of Interest: & on a reducing balance method: Processing Fee: 1% of loan amount + GST: Security: NIL: Tenure: 1 year to 2 years, depending on the loan amount: Insurance: Actual25/03/2020 · ‘Microfinancing’ was introduced in India in the 1980s as a solution to poverty and to empower women. Despite its strong potential, the microfinance sector faces challenges related to accessibility in rural India. Microfinance is a type of banking service provided to those who have difficulty in accessing formal financial Finance Loan - Micro Finance Company in India - Muthoot Fincor…Top Microfinance Institutions in India and How they Work?The story of microfinance in India - Bridge IndiaTop Microfinance Institutions in India and How they Work?microfinance in India by: • exploring new investment channels to reduce the overall cost of funds for MFIs through the development of partnerships with corporates, impact investing and other platforms • developing customer-centric products by analysing shifting consumer demand • boosting FinTech innovation through controlled testing in

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