As per the Reserve Bank of India (RBI) regulations, the minimum Net Owned Fund (NOF) requirement for NBFC-Micro Finance Institutions (NBFC-MFIs) is:

### Concept & Financial Regulations The Reserve Bank of India (RBI) mandates a minimum Net Owned Fund (NOF) to ensure financial stability and solvency of Non-Banking Financial Companies (NBFCs). ### Step-by-Step Solution * **Understand NOF:** Net Owned Fund essentially represents the core capital of a financial institution, proving it has enough skin in the game. * **RBI Mandates:** Under the revised regulatory framework for NBFCs, the base requirement varies by type. * **NBFC-MFI Specification:** For a standard NBFC-Micro Finance Institution (NBFC-MFI), the RBI requires a minimum NOF of **₹5 Crore**. (Note: For NBFC-MFIs registered in the North Eastern Region of India, the requirement is slightly lower at ₹2 Crore, but the standard national requirement is ₹5 Crore). ### Exam Strategy & Shortcut Memorize key banking numbers. NBFC general NOF was increased to ₹10 Crore recently, but MFIs (Micro Finance Institutions) have a distinct threshold of ₹5 Crore to encourage micro-lending operations without prohibitive capital barriers. ### Common Pitfall Confusing the standard NBFC NOF requirement (₹10 Crore) with the specific NBFC-MFI requirement (₹5 Crore). Always read the specific category of the institution. ### Final Answer Therefore, the correct answer is **₹5 Crore**.