RBI Gives Green Signal: Asirvad and DMI Finance Resume Lending Operations
In a significant move, the Reserve Bank of India (RBI) has lifted the ban on Asirvad Micro Finance and DMI Finance Pvt Ltd, allowing them to resume their lending operations. This decision brings huge relief to the two microfinance companies, which had been restricted from sanctioning and disbursing loans. As per the RBI circular issued on Wednesday, the ban has been lifted, paving the way for Asirvad and DMI Finance to restart their micro lending services. This development is expected to boost the microfinance sector, which provides financial assistance to low-income individuals and small businesses. With the RBI's approval, Asirvad and DMI Finance can now focus on expanding their microfinance services, including micro loans, and contributing to the growth of the Indian economy. The move is also expected to increase financial inclusion, microcredit, and digital lending in the country.
