Microfinance industry body flags rise in loan waiver misinformation, backs RBI advisory
The Microfinance Industry Network (MFIN) has highlighted concerns over the rise of misinformation campaigns falsely promising loan waivers, following a recent advisory issued by the Reserve Bank of India (RBI). In a press release dated May 4, the RBI cautioned the public against unauthorised entities and individuals circulating misleading claims related to debt relief, including…
