Microfinance self-regulator defers capping lenders per borrower to 1 April

Microfinance Industry Network had in November introduced the new cap along with a few other guidelines around micro lending. It had made key changes, including reducing the number of lenders to a borrower to three from four earlier, and capping the maximum indebtedness of a borrower at ₹2 lakh.

source https://www.livemint.com/industry/banking/microfinance-self-regulator-defers-capping-lender-per-borrower-to-1-april-11735735985652.html