Question

Write about the Micro Finance Organisations in A.P ?​

Answer 1

Answer:

6,500 crore in Andhra Pradesh following the APMFI Act, 2011 which is intended to control high interest rates, coercive collections and illegal insurance practices by the MFIs. Within a year, the operations of the MFIs in the State have come down to less than 10% besides reduction of over 30,000 staff

Answer 2

Answer:

6,500 crore in Andhra Pradesh following the APMFI Act, 2011 which is intended to control high interest rates, coercive collections and illegal insurance practices by the MFIs. Within a year, the operations of the MFIs in the State have come down to less than 10% besides reduction of over 30,000 staff.

Explanation:

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