The current MFIN microfinance review report provides data-supported insights, and it has been enriched with MFIN's experience. The report discusses in detail the organic evolution of the microfinance sector and the supporting ecosystem leading up to the new regulations. My compliments to MFIN and the whole team for bringing out this report.
It has been our constant endeavor to support microfinance sector by addressing regulatory gaps and arbitrage arising from differential regulations across the spectrum of entities. Towards this objective, we have introduced structural changes by revamping the regulatory framework for microfinance loans in March 2022. We would like to see through its successful implementation on ground before taking further steps.