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Satin Creditcare Network Ltd (SCNL), a microfinance institution, has received fresh disbursement of Rs 500 crore from Nabard under the latter's refinance facility.
According to a top SCNL official, this amount comes at a coupon of around 11 per cent and would be available for a five-year period. It will help in further growth in assets under management of SCNL.
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