Microfinance Overdue Limit Directive Explained
The question asks for the specific overdue limit for microfinance lending according to the Microfinance Industry Network (MIN) directives, applicable from January 2025.
MIN Directives on Overdue Limits
Based on the Microfinance Industry Network (MIN) directives effective January 2025, the specified overdue limit for microfinance lending is ₹3,000.
Key Points:
- Regulation Body: Microfinance Industry Network (MIN).
- Effective Date: January 2025.
- Overdue Limit: ₹3,000.
This limit defines the threshold for loans considered overdue within the microfinance sector under the new MIN guidelines.
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