Category Archives: MFIs

The finance ministry is pulling out all stops to further financial inclusion. The ministry has asked banks to tie up with NGOs as business correspondents in a pilot project to lend to self help groups (SHG). As a result lending … Continue reading →

One of the fears of the proposed MFI bill is that it will override the powers of the state governments, since the bill proposes RBI to be the regulator of MFIs. Earlier provision under Malegam Committee recommendations was that only … Continue reading →

Ministry of Finance on Wednesday, 6th July 2011 released the Bill for comments being anxiously awaited by several stakeholders. The Bill has moved away from the Malegam Committee recommendations on several counts. First of all RBI is being proposed as … Continue reading →

Today’s  issue covers Support to SHGs / JLGs Support to SHGs / JLGs A study sponsored by SIDBI over 7 year period (2001-07) states that there was a unanimous demand from group members in all the villages, that skill development … Continue reading →

Today’s  issue covers Credit Information Bureau and Coercive methods of recovery   Credit Information Bureau As mentioned in the previous issue, MFIs need to be made responsible for curbing multiple-lending. For this it is essential that a data-base is available … Continue reading →

After a bit of interregnum, series on MFI – Malegam Report continues… Today issues relating to Multple-lending, Over-borrowing and Ghost borrowers   Multiple Lending / Over-borrowing General perception for multiple lending / over borrowing – A deluge of loan funds … Continue reading →

Most of us would be aware that RBI had set-up a committee under the chairmanship of Shri YH Malegam. The Committee has submitted its report. Major contents of the report including the recommendations are being shared with the SRRF Dialogue … Continue reading →

Most of us would be aware that RBI had set-up a committee under the chairmanship of Shri YH Malegam. The Committee has submitted its report. Starting today, major contents of the report including the recommendations would be shared with the … Continue reading →

Rangarajan, government admonish MFI model A Business Standard report – November 16, 2010, 1:30 IST The business model of the microfinance sector must change, emphasized C Rangarajan, chairman of the Economic Advisory Council to the Prime Minister, at a conference on … Continue reading →

Evolution of Microfinance sector in India While a large number of thrift & credit societies existed in the organised sector employees, microfinance sector ‘to serve the poor and out of formal credit sector’ mainly came into being in India in … Continue reading →