Which non-banking finance company received Nabard 2018 award?
Equitas Small Finance Bank Ltd.
S.M.I.L.E. Micro Finance
Madura Micro Finance Ltd.
Repco Micro Finance Ltd.
Equitas Micro Finance Ltd
Answers
Which non-banking finance company received Nabard 2018 award?
Equitas Small Finance Bank Ltd.
S.M.I.L.E. Micro Finance
Madura Micro Finance Ltd.
Repco Micro Finance Ltd. ✔
Equitas Micro Finance Ltd
Answer.
Repco Micro Finance Ltd.
Answer:
Repco Micro Finance Ltd received Nabard 2018 award.
Explanation:
Repco Micro Finance Ltd, a non-banking finance company having headquarter in Chennai, Tamil Nadu. This non-banking finance company was being promoted by Repco Bank, received Nabard 2018 award for its service to self-help group (SHG) linkage in Tamil Nadu for the fiscal year 2017-18.
The NBFC has disbursed loans amounting to Rs. 2,500 crore to over 10 lakh beneficiaries through 50,000 SHGs since its inception.
The main objective of the company is to assist the poor women for their upliftment, promoting entrepreneurship and providing micro credit/ finance in different loan cycle at reasonable rates of interest.