New microfinance bill to make RBI sole regulator, supersede old laws

Update 7/7/2011 – The Government of India has released the India Microfinance Institutions Development and Regulation Bill 2011 – Draft

The central government bill on microfinance companies is likely to make the Reserve Bank of India, the single regulator for the entire microfinance sector. The bill may also supersede all existing state legislations on MFIs, reports CNBC-TV18’s Gopika Gopakumar.

Microfinance India Bill 2011 – Updates

new microfinance bill india 2011

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