Stringent norms may strengthen microfinance sector

The microfinance sector in India, which is presently growing around 130 per cent, is expected to get into the consolidation mode in the near future.

A Microfinance

A microfinance client in the documentary Bonsai People

The sector, which has lent close to Rs 10,000 crore, is moving aggressively to expand its operations. With tighter capital adequacy norms expected to come into place in 2009 and 2010, a whole lot of smaller Microfinance Institutions (MFI), are expected to be acquired by larger players.

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