Besides, the regulations laid special emphasis on protection of borrowers and fair practices in lending such as transparency in charges, ceilings on margins and interest rates, non-coercive methods of recovery, measures to contain multiple lending and over-indebtedness. 7.
Indian microfinance sector has witnessed phenomenal growth over past two decades in terms of increase in both – the number of institutions providing micro finance as also the quantum of credit made available to the micro finance customers.