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MFIs need to be revived as correspondent of commercial and regional banks
Submitted by admin on Sat, 12/04/2010 - 10:43
Since it would be difficult for banks to revive lending to MFIs at least for sme time to come and since it is also imperative to save MFIs from collapse, the only viable and sustainable alternative is to allow them to act as correspondent of banks under RBI's latest scheme.