Microfinance Bill Sends Confusing Messages

Thursday, May 3, 2007

A move to review and regulate when and how microfinance providers should be allowed to accept savings deposits is picking up speed.

In a bid to police the booming sector, finance minister P. Chidambaram introduced a Bill to regulate small micro-credit institutions through the National Bank for Agriculture and Rural Development (Nabard) requiring them to meet more stringent accounting standards.

Continue reading “Microfinance Bill sends confusing messages”

Source: Live Mint (link opens in a new window)