Budget 2016- 17 Reaction Quote-Microfinance Institution's Network (MFIN) - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Friday, March 04, 2016

Budget 2016- 17 Reaction Quote-Microfinance Institution's Network (MFIN)

Budget 2016- 17 Reaction Quote-Microfinance Institution's Network (MFIN)
Manoj Nambiar, President, MFIN

Quote from Microfinance Institution’s Network (MFIN) as a reaction to the Union Budget announcement  on Feb 29. 2106.

The below quote to Manoj Kumar Nambiar, President, MFIN, the Self-Regulatory Organisation of the microfinance sector

“The proposal to give statutory status to Aadhaar, focus on agriculture sector, EPF contribution at 8.3% by the government for employing the unemployed, allowing 5% exemption to provisions on doubtful debts, enhancing the Credit Bureau Act, tax exemption on NPS withdrawal on retirement are in the right direction for the microfinance business. I hope the removal of dividend distribution tax on securitization announced for ARC’s and HFC’s will be extended to NBFC MFI’s as well.”

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Budget 2016- 17 Reaction Quote-Microfinance Institution's Network (MFIN) Reviewed by S. Chitra on March 04, 2016 Rating: 5 Budget 2016- 17 Reaction Quote-Microfinance Institution's Network (MFIN) Manoj Nambiar, President, MFIN Quote from Microfinance...

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