Registration with RBI mandatory for micro finance institutions |
The government has approved micro financial sector (development and regulation bill,2011). The decision was taken in the Cabinet meeting held in New Delhi yesterday which was chaired by the Prime Minister Dr. Manmohan Singh. The bill proposes to make it mandatory for micro-finance institutions to be registered with RBI and have minimum net-owned funds of 5 lakh rupees. (AIR) |
.... (This e newsletter since 2007 chiefly records events in Sikkim, Indo-China Relations,Situation in Tibet, Indo-Bangladesh Relations, Bhutan,Investment Issues and Chinmaya Mission & Spritual Notes-(Contents Not to be used for commercial purposes. Solely and fairly to be used for the educational purposes of research and discussions only).................................................................................................... Editor: S K Sarda
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Saturday, May 12, 2012
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