Also, in 2011, the Government of India approved a policy to support raw material asset purchases made by select public sector undertakings (PSUs) abroad. Under the revised policy, the investment limit for “Navratna” firms has been raised to ` 30 billion from `10 billion for any asset buy-out and for the “Maharatna” firms, the limit has been set at `50 billion.
As we launch this year’s search for new CMA awardees, we hope we can gain the interest of more Filipinos to join the microfinance sector. Let us therefore continue to spread the word about microfinance and the stories of our CMA winners some of whom are with us today.