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i have been saying that nrb will not object in distributing bonus shares which will bring increament in their paid up capital.atleast nrb was objecting to distribute cash dividend.but small investors misunderstood the news and tried to sell their scrips in lower price.now we can see high rocket price rise in microfinance.

Great news for micro finance:
The monetary policy has stated the central bank will come up with a provision for the microfinance institutions operating in districts in financial hubs will have to raise their paid-up capital within this fiscal year.
Now the class ‘D’ MFIs can issue loan on zero interest rate up to Rs 30 lakh from the existing provision of Rs 20 lakh if they open new branch in the district less accessible from financial point of view. MFIs do not even have to seek prior permission from the central bank to open such branches.
To further promote the MFIs, the monetary policy has now allowed the MFIs to issue up to Rs 2 lakh to good credit from the deprived class from the existing 1.5 lakh, and to increase the microcredit loan from Rs 4 lakh to Rs 5 lakh.
On the other hand, the percentage of the loan given to the MFIs by the BFIs has not been changed.