FM: Integrate microfinance firms with financial system

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ENS Economic Bureau: New Delhi, Wednesday, Nov 28, 2012 at 0046 hrs IST

Finance Minister P Chidambaram on Tuesday evinced hope that the proposed Bill to regulate micro finance institutions (MFIs) will be cleared by the Standing Committee on Finance and tabled in Parliament to provide an adequate legislative framework for the sector. “We are hopeful that the Bill w ....Read more

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Banking reforms

M G WARRIER | Thursday , 29 Nov '12 17:39:21 PMReply | Forward

FM has raised a very significant issue. During the reform days, starting circa 1991, the existing infrastructure and human resources in the financial sector have been totally neglected. The present observation of the FM flags the need to focus on up-skilling the existing manpower, utilising the institutional infrastructure available in the form of MFIs, cooperatives etc by appropriate policy support from GOI and state governments.