Economics • Banking & FinanceMedium
Which organization acts as the central nodal agency for the microfinance sector regulation and self-regulatory organization oversight in India?
A. NABARD
B. SIDBI
C. MUDRA Bank
D. Sa-Dhan and MFIN (recognized as SROs)✓ Correct Answer
💡 Solution & Explanation
Sa-Dhan and MFIN operate as officially recognized Self-Regulatory Organizations for the Indian microfinance sector under regulatory frameworks overseen by the Reserve Bank of India. Institutions like NABARD and SIDBI function as apex development banks rather than direct microfinance SRO bodies.
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