ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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On the Microfinance Regulation Bill 2007

The Microfinance Regulation Bill 2007, which seeks to regulate trusts and societies that help or promote self-help groups, is completely unnecessary since it does not address the needs of the SHGs. Legislation that enables these groups to register as cooperatives and borrow from banks or helps them to form private limited companies under the Company (Amendment) Act 2002 to facilitate borrowing from commercial banks would be more helpful.

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