An Economic policy and legal analysis of the micro finance institutions (development & regulation) bill, 2011

dc.contributor.author	Roy, Shubho
dc.contributor.author	Sane, Renuka
dc.contributor.author	Thomas, Susan
dc.date.accessioned	2012-06-04T07:03:34Z
dc.date.available	2012-06-04T07:03:34Z
dc.date.issued	2012-06-04
dc.identifier.uri	http://hdl.handle.net/2275/152
dc.description.abstract	In response to the Second Micro Finance Crisis in Andhra Pradesh, which took place in October 2010, the Ministry of Finance has pro- posed a new Micro Finance Institutions (Development & Regulation) Bill. This paper undertakes a detailed analysis of the draft Bill in terms of both economic policy and law. This analysis reveals many weak links, including: a lack of clarity on the objectives of the Bill; an insufficient focus on protection of the rights of the micro-borrower; lack of clarity about the definition of thrift; the loss of accountability that comes with multiple regulatory agencies; concerns about the rule of law; and constitutional issues about powers of the Centre versus the State Government.	en_US
dc.language.iso	en	en_US
dc.relation.ispartofseries	WP;WP-2011-025
dc.subject	Microfinance	en_US
dc.subject	Regulation	en_US
dc.subject	Crisis resolution	en_US
dc.subject	Consumer credit	en_US
dc.subject	Consumer protection	en_US
dc.subject	Regulatory objectives	en_US
dc.title	An Economic policy and legal analysis of the micro finance institutions (development & regulation) bill, 2011	en_US
dc.type	Working Paper	en_US