Sa-dhan seeks new refinance body for MFIs

Suggests converting MUDRA Bank, set up under the PMMY, into a refinancing body for standalone MFIs

- RAGHU MOHAN

Sa-dhan, the self-regulatory organisation for microfinance institutions (MFIs), has sought the setting up of a new refinancing body and greater flexibility in the India Microfinance Equity Fund (IMEF).

"We have sought a deepening of the current funding architecture available to the sector. As on date, we are dependent on banks for our funding needs, and equity is not easily available," said a senior Sa-dhan official.