NBFC-Micro Finance Institution

GPTKB entity

Predicate	Object
gptkbp:instanceOf	Non-Banking Financial Company
gptkbp:cannotAccept	demand deposits
gptkbp:cannotIssue	cheques drawn on itself
gptkbp:cannotOffer	savings accounts
gptkbp:compatibleWith	RBI Fair Practices Code
gptkbp:example	gptkb:Janalakshmi_Financial_Services gptkb:SKS_Microfinance gptkb:Ujjivan_Financial_Services
gptkbp:focusArea	financial inclusion
gptkbp:followedBy	RBI guidelines for NBFC-MFIs
https://www.w3.org/2000/01/rdf-schema#label	NBFC-Micro Finance Institution
gptkbp:interestRateRegulation	subject to RBI prescribed margin caps
gptkbp:loanLimitPerBorrower	Rs. 1.25 lakh
gptkbp:mainActivity	providing small loans
gptkbp:maintainedBy	minimum net owned fund of Rs. 5 crore
gptkbp:minimumQualifyingAssets	85% in qualifying assets
gptkbp:mustNotCharge	usurious interest rates
gptkbp:mustRegisterWith	gptkb:Reserve_Bank_of_India
gptkbp:provides	microfinance services
gptkbp:qualifyingAssetsDefinition	loans to borrowers with annual household income not exceeding Rs. 3 lakh
gptkbp:regulates	gptkb:Reserve_Bank_of_India
gptkbp:requires	loan card to borrowers
gptkbp:requiresDisclosureOf	all terms and conditions to borrowers
gptkbp:sector	financial services
gptkbp:targetAudience	low-income individuals micro-entrepreneurs
gptkbp:targetUser	education health consumption income generation emergency needs
gptkbp:bfsParent	gptkb:Non-Deposit_Accepting_NBFCs
gptkbp:bfsLayer	7