The Reserve Bank of India, on Tuesday accepted the Malegam Committee recommendations and has re-affirmed priority sector status for microfinance. In an exclusive interview with CNBC-TV18, Vijay Mahajan, head of Microfin Association and Sunil Agarwal, managing director of SE Investments share details of the development and analyse the highly positive repercussions.
Mahajan says that the RBI recognised the cash income gaps that exits between rural India and semi urban and urban India.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
