Funding Crunch: At meet with govt, microfin cos seek more capital, equity infusion to up ops
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Funding Crunch

 At meet with govt, microfin cos seek more capital, equity infusion to up ops

In a first-of-its-kind meeting with the finance ministry, the microfinance sector sought government support in setting up a dedicated special fund from which institutions can borrow, in a bid to bring down the ultimate pricing, said Jiji Mammen, the executive director and chief executive officer of Sa-Dhan, a Reserve Bank of India appointed self-regulatory organisation for the sector.

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