With the establishment of 3 more CICs in addition to CIBIL, it is hoped that the gap in credit information in Microfinance would soon be filled up and Microfinance can operate on a sounder and more sustainable basis than hitherto. Already some CICs are working on these lines.
Conceptually, it appears attractive to base such weighting on the impact that exogenous variation in each of these variables would exert on relevant economic aggregates, such as growth or inflation. Practically, however, such impact estimates are wrought with a host of complex identification issues.