Summary and Recommendations of the Task force on Supportive Policy and Regulatory Framework for Microfinance in India

Publication Date: 1999
Published by: National Bank for Agriculture and Rural Development - NABARD
Document Type: Web Publication

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Introducing policies to better reach India's poor

This document outlines recommendations drawn up by the Indian National Bank for Agriculture and Rural Development's Task Force on microfinance.The aim of the recommendations was to arrive at a conceptual policy framework encompassing issues in policy, regulation, financing and capacity building, for sustainable growth of microfinance in the country.

The paper concludes by outlining the medium-term goal of the National Policy for micro-finance as envisioned by the Task Force:

• To achieve a process change leading to empowerment of 75 lakh poor households, and more particularly of the women from these households, through strong and viable people's structures like SHGs and mFIs which draw strength and support from the banking system with the message that banking with the poor is a profitable business opportunity for both the poor and the banks.