Building the regulatory framework for microfinance in India
This article outlines India's policy on regulating microfinance. The existing framework in India is a result of microfinance practitioners' strategic emphasis on mainstreaming financial services to thepoor. The policy pronouncements started by addressing the emerging requirements of self-help groups, but dialogue with the government has gone on to develop microfinance principles for a diverse range of
operating models. The article begins therefore by outlining the nature of microfinance interventions, both legal and operational. Following this is a brief history of the dialogue through the different
forums between the policy makers, regulators and the NGO community. The effort so far is interestingly poised and is a notable example of the collaboration and subsequent change in the relationship between
non-government and government organizations. Future progress will however be contingent on the ability of microfinance organizations to stabilise around a few operating roles and standards. In addition,
the existing operating model of dialogue between government organizations and the NGO sector will have to coalesce into collaboration.
poor. The policy pronouncements started by addressing the emerging requirements of self-help groups, but dialogue with the government has gone on to develop microfinance principles for a diverse range of
operating models. The article begins therefore by outlining the nature of microfinance interventions, both legal and operational. Following this is a brief history of the dialogue through the different
forums between the policy makers, regulators and the NGO community. The effort so far is interestingly poised and is a notable example of the collaboration and subsequent change in the relationship between
non-government and government organizations. Future progress will however be contingent on the ability of microfinance organizations to stabilise around a few operating roles and standards. In addition,
the existing operating model of dialogue between government organizations and the NGO sector will have to coalesce into collaboration.
Regulating for development: the case of microfinance
Arun, Thankom
The Quarterly Review of Economics and Finance, Vol. 45 (2005), Iss. 2-3 P.346
https://doi.org/10.1016/j.qref.2004.12.008 [Citations: 35]What has failed: microfinance or evaluation methods?
Awaworyi Churchill, Sefa
Nuhu, Ahmed Salim
Journal of Sustainable Finance & Investment, Vol. 6 (2016), Iss. 2 P.85
https://doi.org/10.1080/20430795.2016.1176424 [Citations: 6]- Development impact bonds: learning from the Asháninka cocoa and coffee case in Peru
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