Press Information Bureau

Government of India

Ministry of Finance

08-July-2011 18:18 IST

Public Comments and Stakeholders’ Views Invited on the Draft Micro Finance Institutions (Development & Regulation) Bill, 2011

            A draft Micro Finance Institutions (Development & Regulation) Bill, 2011 is now available on the website of Department of Financial Services, Ministry of Finance, Government of India.  This draft Bill may be seen at http://finmin.nic.in/the_ministry/dept_fin_services/fin_services.asp.  The Government, desires to have public comments and views of the stakeholders at the earliest on the draft Bill before finalizing the Bill.  All comments and suggestions may be sent at [email protected].

DSM/SS/GN

Microfinance regulation consultation: government invites stakeholder comments on a draft bill to shape regulatory design. Publication and consultation invitation for a draft Micro Finance Institutions (Development & Regulation) Bill released by the government, making the proposed regulatory framework available for stakeholder review. Stakeholders are invited to submit comments and suggestions by electronic mail via the address provided, and the draft text is hosted on the Ministry website for inspection prior to finalisation.