The Malegam Committee was formed in 2010 following concerns and a crisis in the microfinance sector, particularly in Andhra Pradesh, regarding interest rates and recovery practices.
RBI had set up a committee to study and give suggestions on the microfinace sector. It's Chairman was
Asked in UPPSC Upper Mains 2010 · Topic: Money & Banking (Non-Banking Financial Companies (NBFCs): Types, Regulation, and Significance)
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