The Reserve Bank of India (RBI) on October 10, 2024, updated the Master Direction - Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022.
A consultative document on the regulation of microfinance loans was issued for public comments on June 14, 2021. Based on the feedback received, it has now been decided to put in place the directions for microfinance loans which are enclosed.
Frequently asked questions (FAQs) on these directions are available at the following link: Reserve Bank of India - Frequently Asked Questions (rbi.org.in)
[Notification No. RBI/DOR/2021-22/89 DoR.FIN.REC.95/03.10.038/2021-22]
