Parliament looks set to (finally) pass the microfinance bill. For all of you who, like me, have mostly forgotten what was in the bill in the first place, CMF has written a quick summary of the proposed legislation which you can find here.
yes, but do we know what version o fit is being passed? Any modifications following all the NBFC advocacy, N Srinivasan's open letter and CMF's policy briefs?
I am sad to see that NABARD is still the microfinance regulator within the current form of the bill. There is a conflict of interest in running/funding the government SHG programme and then also being the regulator for other microfinance institutions.
2 comments:
yes, but do we know what version o fit is being passed? Any modifications following all the NBFC advocacy, N Srinivasan's open letter and CMF's policy briefs?
I am sad to see that NABARD is still the microfinance regulator within the current form of the bill. There is a conflict of interest in running/funding the government SHG programme and then also being the regulator for other microfinance institutions.
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