Loan facilities to the physically / visually challenged by NBFCs in India


Loan facilities to the physically / visually challenged by NBFCs in India

Reserve Bank of India’s, DNBS, has issued a small notification, but a timely one.

The Notification is regarding, Loan Facilities to Physically/Visually Challenged persons.

The Highlights of the Notification are: –

01)   RBI was informed that a NFBC discriminated against physically/visually challenged persons in the matter of offering loans.

02)   Hence, RBI had to issue this circular.

03)   RBI has therefore advised NFBC’s not to discriminate in extending products and facilities including loan facilities to the physically / visually challenged applicants on grounds of disability.

The complete circular can be accessed @

http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=5909&Mode=0

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