RBI Removes Restrictions on Asirvad and DMI Finance: A New Boost for Microfinance Institutions
In a recent move, the Reserve Bank of India (RBI) has lifted the restrictions imposed on Asirvad and DMI Finance, allowing them to resume their loan sanctioning and disbursement activities. This decision comes after the apex bank had issued directions to cease these operations on October 17. The removal of restrictions is expected to provide a significant boost to the microfinance sector, enabling these institutions to provide financial assistance to those in need. With this development, Asirvad and DMI Finance can now focus on providing micro loans and other financial services, promoting financial inclusion and economic growth. Key players in the microfinance industry are likely to benefit from this decision, driving growth and expansion in the sector.
