The regulatory directions for NBFC-MFIs have also been issued along with the circular. 14  “Financial Inclusion and Financial Fragility: An Empirical Note”, S. Ghosh, 2008. BIS central bankers’ speeches  9  the most disadvantaged people and Government’s interest subvention in respect of agricultural loans).
The usual norms of capital adequacy, asset classification and provisioning apply to such lendings, implying thereby that the quality of the credit portfolio was to be maintained and the soundness of institutions was not compromised with even as financial inclusion was promoted.