Microfinance Institutions Development and Regulation Bill 2011 – Draft

The Central Government of India has released a draft document of the Microfinance Institutions (Development and Regulation) Bill 2011 with the purpose of getting feedback from stakeholders and micro finance practitioners. The bill has been prepared by the Ministry of Finance and can be download at the link below :

India Microfinance Institutions (Development and Regulation) Bill 2011

Right click on the link below and choose “Save target As ” or “Save Link As”

India Microfinance Institutions Bill 2011-PDF-36-pages-720KB

Download it from the Ministry of Finance Website

Views, comments and recommendations about the draft microfinance bill can be sent to acsec-bkg[at the rate]nic[dot]in

microfinance bill finance ministry 2011

Latest News about India’s Draft Microfinance Bill 2011

Draft Microfinance Bill gives RBI total control
The draft Micro Finance Bill 2011 gives sweeping power to the RBI by bringing all aspect of microfinance under its oversight. The finance ministry on Wednesday put out the draft bill for comments. ET

Vijay Mahajan Comments on Draft Microfinance Bill
This (the new draft Bill) covers all types of MFIs, including the smaller companies, which gives confidence to the sector,” said Vijay Mahajan, president of lobby group Microfinance Institutions Network. “The regulations have been drafted in line with the recommendations of Malegam committee, but go well beyond that to provide comfort to the sector. It is a new generation Bill.” LM

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