The Andhra Pradesh Micro Finance Institutions (Regulation of Money Lending) Act, 2011
State Act of Andhra Pradesh · Act 1 of 201110 provisions
The enactment
| Long title | AN ACT TO PROTECT THE WOMEN SELF HELP GROUPS FROM EXPLOITATION BY THE MICRO FINANCE INSTITUTIONS IN THE STATE OF ANDHRA PRADESH AND FOR THE MATTERS CONNECTED THEREWITH OR INCIDENTAL THERETO. |
|---|---|
| Type | Act |
| Citation | Act 1 of 2011 |
| Year | 2011 |
| Jurisdiction | State of Andhra Pradesh |
| Status | In force as published by the source |
| Provisions published | 10 |
Full text, provision by provision
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- Section 1 Short title, extent and commencement
- Section 2 Definitions
- Section 3 Register of MFIs
- Section 4 Register of MFIs
- Section 5 Power to suspend/ cancel registration
- Section 7 MFIs not to seek security for loan
- Section 8 Display of rates of interest charged by MFIs
- Section 9 Maximum amount of interest recoverable on loans and discharge of loans in certain cases
- Section 10 Prior approval for grant of further loans to SHGs or their members
- Section 11 Duty of MFIs to maintain accounts and furnish copies
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