SSC CHSL 2023 PYQ — Question 26

The correct answer is option 4 i.e. Non-profit MFIs.

• The Non-profit MFIs are not regulated by the Reserve Bank of India (RBI).
• Unlike NBFC MFIs or bank-led MFIs, which are subject to RBI's regulatory framework, non-profit MFIs operate independently and are typically governed by their own set of rules.
• These institutions often focus on providing microfinance services to underserved populations but do not fall under RBI’s supervision.
• Therefore, the regulatory oversight that applies to other MFIs, such as Small Finance Bank led MFIs, does not apply to non-profit MFIs.