NBFC-MFIs: Revision of the loan amount with tenure not less than 24 months
The RBI has extended
the limit of the loan amount for NBFC-MFIs, for which
the tenure of the loan shall not be less than 24 months, has been raised to ₹
30,000/- from the present limit of ₹ 15,000. All loans necessarily be prepaid
without any penalty, as hitherto.
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