<ul data-eligibleForWebStory="false"><li>Finance Minister Sitharaman emphasized the importance of a sustainable business model and financial literacy to ensure responsible lending practices.</li><li>She cautioned against using financial inclusion as a means of financial exploitation and stressed that loans should be offered based on genuine needs and repayment capacity.</li><li>Sitharaman urged for reasonable interest rates, transparent fee disclosures, and fair recovery practices in the non-banking financial sector.</li><li>With the sector witnessing growth and improved asset quality, she highlighted the need for enhanced risk management and collaboration between NBFCs and banks for a strong financial ecosystem.</li></ul>

Financial inclusion should not be tool of financial exploitation, cautions FM Sitharaman

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