NBFC Micro Finance Institution Requirements & Registration

What is NBFC Micro Finance Institution

NBFC Microfinance institution (NBFC-MFI) is the financial institution in which a minimum net owned fund is Rs. 5 crores. But in the North Eastern region of the country, it is only Rs. 2 crore. ‘Qualifying assets’ are not less than 85% of its net assets.  The income of the NBFC-MFI extracts […]