Malegam’s Microfinance: The Last Laugh

The priority sector tag for MFIs could become a contentious issue in the days ahead

Microfinance, for some strange reason, is suddenly on the receiving end. All these emanate from the priority sector lending tag. If only RBI had considered what was purportedly in the “confidential” V.K. Sharma committee report on Priority Sector Notes (of removing microfinance from the priority sector category), there was no need for Malegam Committee recommendations...............

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