Samit Ghosh, MD of Ujjivan, a Bangalore (India) based Mid-Sized MFI welcomes the move of introducing the Microfinance Bill in the current session. “Now we need to make sure that there is sufficient bi-partisan support to ensure safe passage of the bill in these days of political uncertainty”, He said while speaking with Microfinance Focus.

From a microfinance industry standpoint, what is now critical is that the Bill quickly gets passed by the Parliament. This will ensure that the current situation of regulatory duality gets mitigated and the industry grows and promotes the financial inclusion agenda within a well defined framework of law.”

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