Amendment of Section 2

Sub-section (1) of section 2 of the Principal Act shall be substituted by the following, namely- "(1) "Accredited Loan Provider" means a person or a firm who or which has contractual arrangement with an institutional creditor for receiving finance from such institutional creditor for the purpose of lending to the borrowers in his or its own name, and it includes any Non-Banking Financial Companies/Micro Finance Companies registered under the Reserve Bank of India".