(Video) Rajya Sabha TV (RSTV) The Big Picture: Regulatory Framework for Microfinance

Topic: Regulatory Framework for Microfinance

Guest:

• Dr. P. Satish, (Executive Director, Sa-Dhan, (Association of Community Finance Institutions)
• A. K. Bhattacharya, (Editorial Director, Business Standard)

Topic Description:

RBI has recently released its Consultative Document on Regulation of Microfinance sector aimed at protecting and empowering borrowers. As per the framework the household income will be as per Board approved policy. There will be no pre payment penalty and collateral for all microfinance loans and a simplified fact sheet on pricing of loans will be introduced.

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Courtesy: RSTV