Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2010-10-08

Banker’s forum to introduce standard loan contracts for MFI’s

With an aim to bring in more transparency and bring in a uniform and a standard credit contracts, the public and private banks established a Lenders’ Forum around a month ago under the Small Industrie

With an aim to bring in more transparency and bring in a uniform and a standard credit contracts, the public and private banks established a Lenders’ Forum around a month ago under the Small Industries Development Bank of India (SIDBI).

This process would cover more and more MFI’s in phases, and it would track the financial health of the MFI’s. The exercise is a part of the project funded by the loan issued by the World Bank and it focuses on introducing innovative financial products and fostering transparency and responsible finance.

The development of a standardised contract is in the process and the introduction would improve information disclosure especially regarding financing and decision-making.

In the last five years, the microfinance sector has grown and expanded at a brisk rate in India. It has been recorded that at the end of March, 2010, the MFI’s in the country have provided financial credit worth Rs 21,500 crore to 24 million clients.

Related opportunities
  • Healthcare Products
    dr batra..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2012
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Car wash / Ceramic Coating / Detailing
    Start your own express car wash franchise business and be..
    Locations looking for expansion Uttar Pardesh
    Establishment year 1987
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Gautam Buddha Nagar Uttar Pardesh
  • About Us: Shweta Gaur Make-up artist Salon is the salon of..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: Legends of Punjab serves exclusive North Indian food in..
    Locations looking for expansion Gujarat
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts