The finance minister, Mr Pranab Mukherjee, on Friday announced in his Budget speech that the Mic-rofinance Institutions (Dev-elopment and Regulation) Bill will be introduced in the current session of Parliament.
We welcome Mr Mukh-erjee’s announcement as it would soon end all supply side issues of the MFI sector and restore credit options for rural low inco-me group from the formal sector. The MFI bill upon passage will override the AP MFI Act and pave the way for MFIs resuming len-ding and collections in AP.