Loan facilities to the physically / visually challenged by NBFCs.


On 27th July 2010, Reserve Bank of India’s, DNBS has issued a Notification regarding Loan facilities to the physically / visually challenged by NBFCs.

The Notification No is RBI/2010-11/143 DNBS.CC.PD.No. 191/03.10.01/2010-11 dt.July 27, 2010, and is addressed to All NBFCs

The complete Notification can be accessed @ http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=5909&Mode=0

The Notification is short and simple, just advising NBFC’s, that there should be no discrimination to the physically / visually challenged by NBFCs, regarding Loan facilities from NBFC’s.

Why was this Notification required?

A complaint was received by RBI stating that a NBFC has discriminated against physically / visually challenged persons in the matter of offering loans.

Hence, RBI felt it necessary to issue this Notification to inspire confidence amongst physically / visually challenged persons in the matter of Loans.

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