Where Angels Prey

Where Angels Prey is a novel by Ramesh S Arunachalam. Please refer to www.whereangelsprey.com for more information

Tuesday, November 8, 2011

Will the Micro-finance Bill address real ground level problems?

Ramesh S Arunachalam

The micro-finance bill must provide a clear pathway to preventing occurrence of the various problems so that crisis situations can be avoided in the future 

It is great news that finally the draft micro-finance bill will be introduced in the winter session of Parliament. While undoubtedly, the regulatory architecture for Indian micro-finance needs urgent attention, the efforts to have some framework should not result in the adoption of a regulatory mechanism that does not serve the real problems at hand. That is something that the various stakeholders must ascertain even as they evaluate the draft micro-finance bill so that appropriate features are introduced into it.

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