For suggesting reforms in the micro finance sector, which committee was constituted?a)Chakravarty Committeeb)Narasimhan Committeec)Khan Committeed)Malegam Committeee)None of the above/More than one of the aboveCorrect answer is option 'D'. Can you explain this answer?

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For suggesting reforms in the micro finance sector, which committee was constituted?

a)
Chakravarty Committee
b)
Narasimhan Committee
c)
Khan Committee
d)
Malegam Committee
e)
None of the above/More than one of the above

Correct answer is option 'D'. Can you explain this answer?

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For suggesting reforms in the micro finance sector, which committee wa...

Key Points:

Malegam Committee was constituted for suggesting reforms in the micro finance sector.
- Malegam was in charge of a 1995 review of public issue disclosure rules.
- Guidelines were created by SEBI based on his recommendations, and they suggested things like firms disclosing loans to subsidizing companies.
- Malegam was chosen to lead the renowned Malegam Committee, a subcommittee of the RBI Central Board of Directors created to investigate problems and difficulties in the MFI Sector.
- In January 2011, the committee delivered its report to the RBI.
- Malegam argued that microfinance organizations had abandoned the underprivileged.

Additional Information:

Chakravarty Committee:
- To evaluate how the Indian monetary system operated, the Sukhamoy Chakravarty Committee was established in December 1982.
- Prof. Sukhamoy Chakroborty served as the committee's head.
Narasimhan Committee:
- The most influential banker in India since independence is Narasimham.
- It is admirable how his findings, the Narasimham Committee on Financial System (1991) and the Narasimham Committee on Banking Sector Reforms (1998), changed how the Indian banking industry operated.
Khan Committee:
- Wide-ranging modifications to the foreign portfolio investment (FPI) policy were proposed by the HR Khan committee, which was established by the Securities and Exchange Board of India (SEBI).

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For suggesting reforms in the micro finance sector, which committee was constituted?a)Chakravarty Committeeb)Narasimhan Committeec)Khan Committeed)Malegam Committeee)None of the above/More than one of the aboveCorrect answer is option 'D'. Can you explain this answer?

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