Three years after the micro-finance crisis in several states, the - TopicsExpress

Three years after the micro-finance crisis in several states, the country is nowhere near a new law to regulate malpractices in micro-lending. The proposed central law has run afoul of the Reserve Bank of India (RBI) which has questioned whether Parliament can even enact such a law. The central bank has also expressed its inability to regulate all micro finance institutions including specifically that are not incorporated entities

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