Micro Finance Institutions Network is the industry body for RBI regulated
NBFC-MFIs. Established in October 2009, MFIN was appointed as the Self-
Regulatory Organisation (SRO) for the sector by the Reserve Bank of India
MFIN through its members, helps provide financial services to low income
households in a responsible & transparent manner, thereby helping them
build sustainable livelihoods. MFIN also works closely with regulators
and other key stakeholders and plays an active part in the larger financial
inclusions dialogue through the medium of microfinance.
As per its bye-laws all financial institutions that are “substantially engaged
in the business of microfinance” and are registered as NBFC-MFIs with the
Reserve Bank of India, are eligible for membership to MFIN. Structured as a
Self-Regulatory Organization (SRO) of the RBI regulated NBFC-MFIs, MFIN
has been supporting an effective framework for responsible lending and
client protection for the industry.
The vision of MFIN is to be an engine of inclusive growth for India and help
provide financial services to 10 crore low income households by the year
2020, in a responsible and transparent manner.
MFIN’s primary objective is to work towards the robust development of the
microfinance sector by promoting: responsible lending, client protection,
good governance and a supportive regulatory environment.