Bare ActsThe Telangana Micro Finance Institutions (Regulation of Money Lending) Act, 2011.

Section 6

Substituted by G

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. Central Act 1 of 1956. Central Act 2 of 1934. Act 7 of 1964. Act 35 of 2001. [Act No.1 of 2011] 3 (g) „Registering Authority‟ means the Project Director, District Rural Development Agency for the rural areas and Project Director, MEPMA for Urban areas; or any other person appointed by the District Collector to perform the functions of a registeiing authority under this Act for such District; (h) „Registration‟ means registration granted to a MFI under this Act; (i) „Self Help Group (SHG)‟ means a group of women formed on principles of self help and registered as such with the Society for Elimination of Rural Poverty (SERP) in the rural areas or Mission for Elimination of Urban Poverty in municipal areas (MEPMA) in urban areas; (j) „SHG bank linkage‟ means provision of credit for the SHGs by the commercial banks based on a micro credit plan prepared by the SHGs for carrying out economic activities; (k) „SHG Member‟ means a registered member of a SHG who intends to avail a loan through such SHG and thus a borrower under the provisions of this Act; (l) „Society for Elimination of Rural Poverty (SERP)‟ is a Society formed by Government for the purpose of implementing pro-poor initiatives and thereby eliminating poverty in rual areas; (m) „Society under Mission for eliminating poverty in municipal areas (MEPMA)‟ is a Society formed by Government for the purpose of implementing pro-poor initiatives and thereby eliminating poverty in urban areas; 4 [Act No.1 of 2011] (n) Words used but not defined in this Act, shall have the same meaning assigned to them under the relevant Acts.

Section 6 – The Telangana Micro Finance Institutions (Regulation of Money Lending) Act, 2011. | DailyLaw.ai