MALEGAM COMMITTEE REPORT ON MICROFINANCE PDF

Report Summary. Malegam Committee on Microfinance. (January ). Background. The Board of Directors of the Reserve Bank of India. (RBI) constituted a. PDF | On Nov 7, , Saswat Barpanda and others published The Malegam Committee Microfinance Report: Will the MFIs Accept It?. Malegam Committee Report on MFI – Download as PDF File .pdf), Text File .txt) or read online.

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Malegam Committee Report on Microfinance: What’s On The Platter?

That said, Commitfee am therefore a bit perplexed by the strong initial criticisms of the Malegam report…While stakeholders appear to have perceived several weaknesses in the report, I try to list some of these below and provide some explanations with regard to these issues, apart from suggesting ways forward. For microfihance, there are sometimes 6 MFIs sharing a JLG and its clients and this has been the REAL secret of the micro-finance growth story so far…Add to this the huge levels of indebtedness on the ground and I am not sure that the report provides any way out for these aspects…I hope that the committee and RBI look into and address these issues as otherwise, there would be no REAL way forward….

Then what use is the statement made by the committee after all? Consider extending banking correspondent model to MFIs – for and non-profits.

Malegam Committee Report on Microfinance: What’s On The Platter?

The committee must also recognize that caps on loan sizes and total loan outstanding may be some what restrictive for the clients and perhaps even at variation with current RBI policy.

The much-awaited Malegam committee report is laudable because it is the 1 st committee report of some significance to repogt the creation on of a national regulatory framework for MF in India. But I doubt if it has done justice to the industry as a whole. Thanks for sharing this.

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Newer Post Older Post Home. Everyone was aware of the problem but seemed helpless, all the attempts by Industry association were invain as none had the time or interest to work for a sustainable solution the debate on this continued endlessly till the Govt came down heavily and forced the MFIs to submit the data Sasi Thanks for your mail and the suggestions. A third issue that merits appreciation is the fact that the report has sought to promote greater transparency with regard to interest rates…through various measures.

That is what Rameshs analysis shows. That said, I am therefore a bit perplexed by the strong initial criticisms of the Malegam report…While stakeholders appear to have perceived several weaknesses in the report, I try to list some repotr these below and provide some explanations with regard to these issues, apart from suggesting ways forward.

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Unfortunately despite this attempt the State Govt still feels that the RBI report is more to protect MFIs interest than the customers interest, so they want more micro management from RBI than what is proposed in the Malegam committee report I really think there is a fantastic onn which is not reort the required attention.

You may be aware that within 2 weeks all the MFIs have submitted the data perhaps this is the only way things would work as we are used to learn the hard way.

Malegam Committee Report – Summary of Key Recommendations

How to earn Rs in 10 Minutes. Anonymous January 24, at Vijay January 24, at 9: Viewing from the edge of the cliff where the industry stands today, any amount of life support would look like a great relief and such a the life saver must be commended.

Please refer to www. Last but not the least, the report pf the committee, while providing committeee good framework for the future, perhaps does not adequately address the existing crisis situation in AP and slowly beginning to unfold in Tamil Nadu and issues around these — there are a large number of clients and JLG who have been shared at the field level, with each MFI reaching out to them, on a specific day of the week. At the cost of repeating some of the things I have the following to say – You may be aware that despite several requests from the sector till the recent past RBI was reluctant to regulate the sector as they felt it would stifle the growth.

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Dear Sasi Garu Many thanks and I have enjoyed your analysis and responses as welll and I did with the one above Ramesh – thanks for another good analysis.

Honestly, I am evolving as a writer and I appreciate your feedback – both postive and negative Thanks once again Look forward to meeting you some day Read on at Microfinance in India Blog.

Malegam Committee Report – Summary of Key Recommendations

Swarup January 24, at 9: I dont want to get into this as it would open up a number of questions is the suicides of the customer and the lack of customer reporf measures under existing regulation. Sasi January 26, at Geport S Arunachalam January 26, at Instead of criticizing further let me offer some suggestions the RBI could consider before releasing the regulatory framework: This ensures that micro-finance will come under the purview of the RBI and no longer can microfinance be treated as a fringe activity or as an orphaned child in the larger Indian financial sector.

Finally, regulate not micro-manage.