Hotline: 1800 102 2007
X
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
  • Gardening services
    About Us: Started in 2013, with a dream to convert concrete..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Preschools
    About: Doodleton is a high - quality, research-based. child-centric early learning progra..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Multi Cuisine Restaurant
    About:DėėZ is the leading, largest & oldest organized Biryani chain..
    Locations looking for expansion New Delhi
    Establishment year 1987
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 200 - 1100 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Gyms and Fitness Centres
    About Us: As an introduction, Plus Fittness is an award winning,..
    Locations looking for expansion Maharashtra
    Establishment year 1996
    Franchising Launch Date 2017
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
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