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    <title>Regulatory mechanism on Micro Finance Institutions operating in private sector</title>
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    <description>Regulatory oversight of microfinance is allocated by organisational form: corporate entities operating as NBFC-MFIs are regulated by the Reserve Bank with specific guidelines and a Fair Practice Code, while trusts, societies and other non-corporate forms are governed by State money lending laws; two recognised Self Regulatory Organisations promote a voluntary industry Code of Conduct for member MFIs.</description>
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