Q.3) Examine the importance of microfinance in India. What were the regulatory challenges faced by the microfinance institutions and how a Consultative Document by the RBI help dealing with these challenges? (15 marks)

“Mentor’s comment”
https://www.financialexpress.com/opinion/unfettering-microfinance-recent-rbi-consultative-document-frees-mfis-from-shackles-imposed-by-2011-regulations/2277925/
In the intro, mention the difference between a normal loan and microcredit.
In the body, discuss the importance of serving the small credit needs of those who lack steady income sources or assets to keep as a mortgage. In the next part, mention the regulatory issues with 2011 guidelines for the microfinance institutions. In the next part, mention that the recent Consultative Document seeks to remove the restrictions and providing a level playing field.
Conclude by mentioning that the RBI has performed well in regulation of the microfinance sector and the recent move would be one more step ahead in that direction.

Conclude suitably.

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Mradul sharma
Mradul sharma
1 year ago

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Utkarsha Yadav
1 year ago

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Fauzyia Jafri
1 year ago

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SUMITA DOWERAH
1 year ago

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1 year ago

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1 year ago

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Santosh kharat
1 year ago

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Deepali Rajan
1 year ago

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1 year ago

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1 year ago

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