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RBI Removes Restrictions on Asirvad and DMI Finance: Microfinance Institutions Resume Operations

The Financial Express

In a recent development, the Reserve Bank of India (RBI) has lifted the restrictions imposed on Asirvad and DMI Finance, allowing them to resume their microfinance operations. The move comes after the apex bank had issued directions to the microfinance institutions to cease sanctioning and disbursing loans on October 17. With the restrictions now removed, Asirvad and DMI Finance can continue to provide micro loans and other financial services to their customers, promoting financial inclusion and supporting small businesses. This decision is expected to boost the microfinance sector and have a positive impact on the economy. Microfinance institutions play a crucial role in providing financial services to underserved populations.