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  Banks disburse Rs 7,500 crore under Credit Guarantee Scheme for micro finance institutions

  Business | September 29, 2021 19:50 IST

  The scheme was announced by FM Nirmala Sitharaman in June as part of a Rs 6.29 lakh cr package to provide relief to various sectors affected by 2nd wave of COVID pandemic.

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  How this microfinance firm is empowering women entrepreneurs in rural India with an app

  Business | August 25, 2021 18:24 IST

  With nearly 70% population living in rural parts of the country and many who migrated to urban centres too facing huge pay disparity, there is little empowerment of those hailing from the interiors of the country.

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  Two microfinance firms raised Rs 170 crore during lockdown: MFIN

  Business | June 01, 2020 21:18 IST

  Microfinance Institution Network (MFIN) on Monday said two companies have raised a total of Rs 170 crore during the COVID-19 pandemic, reflecting confidence in the sector

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  Arohan Financial shelves IPO plan for fresh funding of Rs 1800-cr

  Business | November 17, 2019 15:56 IST

  The Kolkata-based company, which operates in 11 "low- income" states in east, northeast and central India, will, instead, focus on raising around Rs 1,800 crore in an external round of borrowing, he said

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  Microfinance industry clocks over 50% growth in Q2 with GLP standing at Rs 1,46,741 crore

  Business | December 03, 2018 18:14 IST

  Of the total, Non-Banking Finance Company-Microfinance Institutions (NBFC-MFIs) accounted for significant chunk.  

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  IDFC Bank buys microfinance firm Grama Vidiyal, shares jump over 8 pc

  July 12, 2016 18:40 IST

  Private sector lender IDFC Bank on Tuesday announced that it will acquire Tamil Nadu-based microfinance institution (MFI) Grama Vidiyal for an undisclosed amount in a move aimed at helping it widen its reach.

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  CBI raid across 14 locations of a chit fund company in Odisha

  India | January 31, 2015 19:00 IST

  Bhubaneswar:  CBI sleuths today conducted raids across 14 locations against Micro Finance Limited, one of the 44 chit fund companies under the scanner of the central investigating agency.A senior CBI official said raids were conducted

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  RBI issues final norms for payment and small finance banks

  November 28, 2014 8:00 IST

  Mumbai: Introducing a new concept of niche banking in India, the Reserve Bank of India (RBI) has issued final norms for payment banks and small finance banks that would allow mobile firms and supermarket chains,

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  Vikram Akula Quits SKS Microfinance

  November 23, 2011 20:32 IST

  Mumbai, Nov 23: Founder and chairman of the only listed microfinance institution SKS Microfinance Vikram Akula today resigned from the board with immediate effect in the wake of huge losses suffered by the Hyderabad-based firm.The