Tuesday, December 10, 2013

The microfinance sentinels

......In 1998, the National Bank for Agriculture and Rural Development (Nabard) set up a task force on Supportive Policy and Regulatory Framework for Microfinance, which found that microfinance institutions (MFIs) were an important vehicles for delivery of credit to the self-employed, particularly women, in rural and semi-urban areas. It suggested setting up a special cell within the Reserve Bank of India (RBI) to liaise with Nabard and MFIs to augment the flow of credit to this sector. The task force recognized the need for a mechanism of...........

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