Is the worst over for India’s MFIs?
Finance minister Pranab Mukherjee, in his budget speech last week, threw the country’s troubled microfinance sector a long-awaited lifeline. Mukherjee said that the Micro Finance Institutions (Development and Regulation) Bill, 2012, would be tabled in the current session of Parliament — download the draft bill. If passed, it could play a critical role in bringing growth capital back to the sector….