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In which year did RBI introduce the regulatory framework for microfinance loans?
Question

In which year did RBI introduce the regulatory framework for microfinance loans?

A.

2021

B.

2022

C.

2020

D.

2019

Correct option is B

The Reserve Bank of India (RBI) introduced the regulatory framework for microfinance loans in the year 2022.
 This regulatory framework was designed to provide a structured and formal approach to microfinance lending.
 It aims to protect the interests of small borrowers and ensure that microfinance institutions operate in a transparent and responsible manner.

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