India : The Regulation of Microfinance - An Analysis of Recent Proposals

World Bank

Washington, DC

关键词: Microfinance;    Regulatory reform;    Transparency;   

RP-ID  :  70000

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The Indian microfinance community hasbeen pushing for legal and regulatory reform for severalyears, motivated primarily by two desires: (i) formal legalrecognition and legitimization of the various types ofmicrofinance institutions (MFIs) operating in India and (ii)legal permission to engage in deposit-taking with lower andfewer entry barriers. Members of the microfinance communityhave engaged with the Government of India in a dialogueregarding the regulation of microfinance service delivery,arguing that there is a need for reform to facilitateexpansion of outreach through microfinance to the millionsof Indians who currently do not have access to financialservices. Various stakeholders have proposed a range ofpossible reform measures, which vary in their approaches andin their potential effects on the microfinance sector.