Shri Shirish Choudhary, Honorary Secretary, Chetana Trust, Dr. Ashok Choudhury, Trustee Member, Smt.
These institutions and their clients existed outside the boundaries of the regulated financial system and have been operating “under the radar” for many years. Some of these institutions include NGO MFIs, Community or village MFIs, semi-Government MFIs, Cooperative Savings Societies and Credit Unions. Most of these institutions operate informally or semi-formally. They have client bases that have generally stagnated over the years.