Tuesday, July 19, 2011

AP refuses to budge on microfinance legislation

State says proposal for a national law doesn’t change the fact that microfinance comes under moneylending
Mumbai: The battle over the regulation of India’s Rs. 20,000 crore microfinance industry is far from over, with Andhra Pradesh, the largest market for Indian microlenders, remaining firm on retaining its own law on the issue despite a proposed national legislation.....

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