Amendment status not verified — confirm the current text below against the official source.
Substituted by G.O.Ms.No.45, Law (F) Department, dated 01.06.2016. Short title, extent and commencement. Definitions. 2 [Act No.1 of 2011] (c) „Loan‟ means an advance whether of money or in kind given to the borrowing SHG at interest, whether given before the commencement of this Act or after such commencement and includes advance, discount, money paid for or on account of or paid on behalf of or at the request of any person, or any account whatsoever, and every agreement (whatever its terms or form may be) which is in substance or effect a loan of money of in kind given to an SHG and further includes, an agreement relating to the repayment of any such loan; (d) „Micro Finance Instituiion (MFI)‟ means any person, partnership firm, group of persons, including a Company registered under the provisions of the 3Companies Act 1956, a Non-Banking Finance Company as defined under the Reserve Bank of India Act, 1934, a Society registered under 4the Telangana Co-operative Societies Act, 1964, or 5the Telangana Societies Registration Act, 2001 and the like, in whichever manner formed and by whatever name called, whose principal or incidental activity is to lend money or offer financial support of whatsoever nature to the below poverty line population; (e) „Notification‟ means a notification published in the 6Telangana Gazette and the word „notified‟ shall be construed accordingly; (f) „Prescribed‟ means prescribed by rules made by Government under this Act;