.........Several other MFIs are also experimenting with cash-less transactions in microlending. For example, Janalaskshmi has tied up with DCB (Development Credit Bank) to launch a co-branded prepaid card for disbursal of small loans to its urban clientele. “For MFIs, nearly 95 per cent borrowers are women. So MFIs can not only facilitate opening bank accounts for women, but also their spouses, which could take the number to nearly 40 million. MFIs can also play other roles in the Jan Dhan Yojna, like doing due diligence for banks in case of overdraft facilities,”...........
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