Microfinance lenders in India are considering setting up a dedicated funding institution to provide a consistent stream of long-term financing that will help close the sector's funding gap. Several small and medium microfinance lenders find it difficult to mobilise funds, and banks are less likely to provide financing in contrast to larger NBFC-MFIs. A special-purpose funding body dedicated to the sector would help address that, according to sector leaders.from Banking/Finance-Industry-Economic Times https://ift.tt/nYL2Wau
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