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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3 years ago

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3 years ago

Please review
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3 years ago

Please review 🙂
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3 years ago

Payment Id: pay HFrdyJMOEZ9967. Please review, Sir.

Sir , this question didn’t ask for suggestions on way forward. Should I include it even when it’s not asked ( where necessary) ?

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3 years ago

Please review. Payment ID: HQ3P5UFSBXxM9V

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3 years ago

Please review

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3 years ago

Payment I’d 115009045817

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3 years ago

Payment id-HJHAZEWKSzM3CX

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3 years ago

kindly review @Swatantra sir

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3 years ago

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3 years ago

pay_HH4AoVE2qPd386 please review @Swatantra

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