......As the Banks and Financial Institutions don’t have a direct say in the rural market, the funds are first given to the mentioned organizations which then direct the fund to the respective class based on a mutual perspective. The assets based lending is done by the Banks and financial institutions to cater to the needs based on a specified set of directives. Such directives are issued by the regulators like RBI and the Finance Ministry and some refinement is also done by the respective fund providers.......
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