Key Distinctions Between MFI and NBFC
Microfinance Institutions (MFIs) and Non-Banking Financial Companies (NBFCs) are key players in financial services, though they have separate frameworks. They have gained precedence across India, being instrumental as financial agencies that fund the have-nots and impoverished communities. Many of India’s population cannot get collateral-supported loans, so they are frequently routed to MFI and NBFC. While…