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MFIs seek easier credit rating rules as they gasp for bank loans

By Economic Times - 4 months ago
Microfinance institutions with portfolios under Rs 500 crore sought relaxed credit rating rules from banks to secure loans for growth. They claimed that stringent criteria hindered their expansion compared to larger counterparts. Senior bankers recommended utilizing government guarantee schemes, while urging policy adjustments for more inclusive lending practices to boost the sector's development.

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