The Micro Financial Sector (Development and Regulation)Bill 2007

Ministry of Law

Working Papers from eSocialSciences

Abstract: The Micro Financial Sector (Development and Regulation) Bill, 2007 seeks to promote the sector and regulate micro financial organisations (MFO). 􀂐 National Bank for Agriculture and Rural Development (NABARD) shall regulate the micro financial sector. 􀂐 The central government may establish a Micro Finance Development Council to advise NABARD on formulation of policies related to the micro financial sector. 􀂐 NABARD shall constitute a Micro Finance Development and Equity Fund to be utilised for the development of the sector.

Keywords: NABARD; microfinance; microcredit; Micro Financial Sector (Development and Regulation) Bill; Banking; Finance (search for similar items in EconPapers)
Date: 2007-08
Note: Policy Matters
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