India : The Regulation of Microfinance - An Analysis of Recent Proposals
The Indian microfinance community has been pushing for legal and regulatory reform for several years, motivated primarily by two desires: (i) formal legal recognition and legitimization of the various types of microfinance institutions (MFIs) opera...
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| Format: | Policy Note |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2006/03/16408990/india-regulation-microfinance-analysis-recent-proposals http://hdl.handle.net/10986/12873 |
| Summary: | The Indian microfinance community has
been pushing for legal and regulatory reform for several
years, motivated primarily by two desires: (i) formal legal
recognition and legitimization of the various types of
microfinance institutions (MFIs) operating in India and (ii)
legal permission to engage in deposit-taking with lower and
fewer entry barriers. Members of the microfinance community
have engaged with the Government of India in a dialogue
regarding the regulation of microfinance service delivery,
arguing that there is a need for reform to facilitate
expansion of outreach through microfinance to the millions
of Indians who currently do not have access to financial
services. Various stakeholders have proposed a range of
possible reform measures, which vary in their approaches and
in their potential effects on the microfinance sector. |
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