CURRENT AFFAIRS

2021

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which institution released a Consultative Document on Regulation of Microfinance?

A	RBI
B	NABARD
C	NITI Aayog
D	SEBI

Explanation:

Detailed explanation-1: -1.1 These directions shall be called the Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022.

Detailed explanation-2: -Option B) RBI . The Reserve Bank of India has released the RBI (Regulatory Framework for Microfinance Loans) Directions, 2022, which will be effective from April 1, 2022.

Detailed explanation-3: -The Reserve Bank of India (RBI) shall regulate the micro finance sector; it may set an upper limit on the lending rate and margins of Micro Finance Institutions (MFIs).

Detailed explanation-4: -Apart from extending 100% refinance support to the financing Banks, NABARD also extends financial support for awareness creation and capacity building of all stakeholders under the Scheme.

There is 1 question to complete.