Microfinance

ET Now – Report on Draft India Microfinance Bill 2011 and state of sector today

Last week, ET Now broadcast a report on the state of the Microfinance sector in India with comments from leading microfinance practitioners on the draft microfinance bill.

The video report contains comments from Dilli Raj (CFO SKS), Padmaja Reddy (Spandana), P N Vasudevan (Equitas), Mathew Titus (Sa-dhan), Pavan Agarwal (Crisil) , Vijay Mahajan (Basix), Tara Thiagarajan (Madura) and others.

Microfinance in India and Draft Bill 2011

Part 1

Part 2

Part 3

Mathew Titus

Mathew Titus of Sa-Dhan

1 Comment

1 Comment

  1. B. Yerram Raju

    July 22, 2011 at 9:37 am

    In a Bill like this at least, the Government should introduce regulatory impact assessment as one of the essential ingredients. In the Monsoon session, on the first day, such assessment Report should be placed before the Parliament – both Houses – by the Regulator. The Assessment should be done by an independent Agency to be approved by the Planning Commission after due diligence process. This would reveal the state-of-the art practices of the MFIs, NBFCs and Cooperatives engaged in the extension of micro credit, micro insurance and other products and the recovery practices. There is no Act in the country that has this RIA. The Indian Microfinance Bill 2010 has implications of its working on millions of the poor with benefits being delivered from a variety of institutions adopting varying practices and applications. The Financial Inclusion effect should be essential ingredient of such assessment report.

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