Where Angels Prey

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

Friday, October 4, 2013

The MFI Development and Regulation Bill-Part 1: What the Parliamentary Standing Committee on Finance should note?

Ramesh S Arunachalam

Given the lack of a clear national microfinance policy guiding its overall strategy and implementation, the MFI Development & Regulation Bill is indeed a hugely incomplete legislation. Let’s hope that the Parliamentary Committee takes note of these aspects and ensures that these are properly redressed, before the MFIDR Bill is passed

The Micro-finance Institution Development and Regulation Bill (MFIDRB), 2012 was introduced in the Parliament 2012 and is currently being examined by the Parliamentary Standing Committee on Finance (PSCF). In a series of articles, we look at the MFIDRB (2012) and try to briefly answer the following questions…


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