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The Micro Financial Sector (Development and Regulation)Bill 2007

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  • Ministry of Law

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.

Suggested Citation

  • Ministry of Law, 2007. "The Micro Financial Sector (Development and Regulation)Bill 2007," Working Papers id:1127, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:1127
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