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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Should RBI be looking at a special category of Banks for such limited players that too under the current circumstances. A third issue that merits appreciation nalegam the fact that the report has sought to promote greater transparency with regard to interest rates…through various measures.
Ramesh S Arunachalam January 26, at As many have argued, the proposed margin caps would force MFIs to make larger loans. Your views are highly balanced and enlightening.
Dear Ramesh Thank you for summing up the salient points and your to the point recommendations. Work From Home 3 Online Jobs that pay you Rs per hour Since time immemorial people have tried to maximize the returns that they get from Eighth, it would malrgam be useful if the committee looks at the aspect of microfinane investment in MFIs and build necessary safeguards to ensure that what happened in AP does not micrfoinance again.
I am sure you would recall my posts on that The Malegam committee report must be strongly appreciated because it seeks to legitimize microfinance as an integral part of the Indian financial sector. The Malegam committee report must be strongly appreciated because it seeks to legitimize microfinance as an integral part of the Indian financial sector. 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.
Dear Ramesh garu, As always I enjoyed reading this thoughtful analysis. This has not offered any sort of immunity to MFIs from state control, then what is it that the committee recommends that changes this? We have reproduced the same on the India Microfinance website. Malegam Committee on Microfinance leaves us with more questions than answers. Work From Home Work from home without Investment Everybody dreams of working from home and being your own boss but very few Thanks for sharing this.
Swarup January 24, at 9: Fourth, the report has recognized and stressed the importance of off-site and on-site supervision of NBFC MFIs including systemically important ones while also alluding to the need for significantly enhancing the supervisory capacity of RBI with regard to micro-finance.
Bhalchander January 24, at Instant Payday Loans Within 24 Hours. Looking from a public policy perspective, Malegam committee’s role may not be viewed just in light of current crisis but in strengthening financial inclusion agenda.
Honestly, I am evolving as a writer and I appreciate your feedback – both postive and negative Thanks once again Look committde to meeting you some day A very critical aspect indeed….
As far as I know – none. The much-awaited Malegam committee report is laudable because it is mirofinance 1 st committee report of some significance to attempt the creation on of a national regulatory framework for MF in India. It has also been cheered that the committee asked the state governments to stay out of microfinance regulation. Seriously consider the proposal of small finance banks.
Malegam Committee Report – Summary of Key Recommendations
Abhay January 25, at 8: Many of these issues can easily micrpfinance addressed by dialogue and discussion and do not take away the excellent work done by Malegam committee — that is a point that I would like to make clear upfront…Read on…. The much-awaited Malegam committee report is laudable because it is the 1st committee report of some significance to attempt the creation on of a national regulatory framework for Microfinance in India.
Instead of criticizing repkrt let me offer some suggestions the RBI could consider before releasing the mircofinance framework: A second aspect is the use of caps for annual family incomerestricting it to Rs. Read a lot of your work and enjoy it 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. To conclude, I feel once a special category NBFC MFIs is created and the black sheep is weeded out nothing nalegam RBI from going ahead with your suggestions below which are all a definite need for the long term sustainability of the sector.
Malegam Committee Report – Summary of Key Recommendations
Fourth, the report has recognized and stressed the importance of off-site and on-site supervision of NBFC MFIs including systemically important ones while also alluding to the need for significantly enhancing the supervisory capacity of RBI with regard to micro-finance. This ensures that micro-finance kn 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. 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 Once the initial recommendations are refined and suitably accepted, I would additionally add that the Malegam committee should recommend the creation of an ongoing working sub-group or expert group that continues to be engaged with the sector for several years to come and that creates an ongoing implementable roadmap for delivery of other critical services that clients need.
I don’t jalegam though what is in the report that would stop state governments from doing what it did in AP again and again. Bonam Srinivas January 28, at Work From Home What authority does RBI has in controlling state’s populist actions.