SIDBI’s pilot scheme for fintech NBFCs

20, May 2019

Prelims level : What are fintech NBFCs? Mains level :
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CONTEXT :

  • Small Industries Development Bank of India (SIDBI) launched a pilot scheme to extend financial assistance of up to ₹10 crore to fintech Non-Banking Finance Companies (NBFCs).
  • Fintech NBFCs are digital loan companies.
  • They should have minimum capital risk-weighted assets ratio of 15%.
  • Their non-performing assets should be less than or equal to 4%.

 

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