Microfinance and SHGs — Landmark Events

Landmark Events

Malegam Committee Report on Microfinance (2011) and Subsequent RBI Regulations

2011

While not a judicial judgment, the Malegam Committee Report, constituted by the Reserve Bank of India (RBI) in the aftermath of the Andhra Pradesh microfinance crisis, served as a…

RBI's Harmonized Regulatory Framework for Microfinance (2022)

2022

Building upon the lessons from the Malegam Committee and subsequent experience, the RBI introduced a 'Harmonized Regulatory Framework for Microfinance' in 2022. This framework…