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Reliance Capital into microfinance initivative

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Reliance Capital Limited (RCL) , Anil Dhirubhai Ambani Group’s financial services arm launched its microfinance initiative.

Reliance Capital is joining hands with two Gujarat-based microfinance institutions — MAS Financial Services and Vardan Trust to enhance penetration of microfinance in the country.

Anil Ambani’s wife Tina Ambani launched the initiative and handed over the first disbursement cheques.