The Micro Financial Sector (Development and Regulation)Bill 2007
Published By: MoF on eSS | Published Date: August, 08 , 2007The 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.
Author(s): Ministry of Law | Posted on: Aug 08, 2007 | Views(2063) | Download (677)