<ul><li>Micro Finance Institutions (MFIs) need to be more robust, vibrant and financially sound, catering to the needs of rural masses.</li><li>M Nagaraju, Secretary, DFS, Ministry of Finance, emphasized the importance of MFIs drawing a roadmap to strengthen the sector and become more viable.</li><li>During a meeting with major MFIs, the focus was on reaching low-income households in villages and providing hassle-free financial assistance.</li><li>Challenges faced by MFIs, including difficulties in raising low-cost long term funds and portfolio quality issues, were also discussed.</li></ul>

MFIs need to draw a roadmap to strengthen the sector: Secretary, DFS

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