Moneycontrol
Jul 09, 2011 04:38 PM IST | Source: CNBC-TV18

The New MFI Bill: Challenges before RBI

In the past two years the microfinance sector has witnessed an euphoric and unregulated growth as over-regulation and stoppage of lending in one state. The draft Microfinance Institutions (development and regulation) Bill 2011 seeks to bring some clarity and uniformity of rules to this sphere, reports Gopika Gopakumar of CNBC-TV18.


In the past two years the microfinance sector has witnessed an euphoric and unregulated growth as over-regulation and stoppage of lending in one state. The draft Microfinance Institutions (development and regulation) Bill 2011 seeks to bring some clarity and uniformity of rules to this sphere, reports Gopika Gopakumar of CNBC-TV18.

The key feature of this Bill is that it will bring all microfinance services under one regulator

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