Microcredit Regulatory Authority (MRA) is the central body to monitor and supervise microfinance operations of non-governmental organizations of the Republic of Bangladesh. It was created by the Government of Peoples’ Republic of Bangladesh under the Microcredit Regulatory Authority Act (Act no. 32 of 2006). License from the Authority is mandatory to operate microfinance operation in Bangladesh as an NGO.
On September 28, 2012 at the Alliance for Financial Inclusion's Global Policy Forum 2012, the bank made a commitment under the Maya Declaration to promote agent and mobile banking, implement consumer protection initiatives, and establish a credit bureau for the MFI sector.
Other articles related to "microcredit regulatory authority, authority, microcredit":
... The Authority is active in the realm of financial inclusion and is a member of the Alliance for Financial Inclusion ...
... The microcredit program in Bangladesh is implemented by NGOs, Grameen Bank, different types of government-owned banks, private commercial banks, and specialized programs of ... Despite the fact that more than a thousand institutions are operating microcredit programs, only 10 large Microcredit Institutions (MFIs) and Grameen Bank represent 87% of total savings of ... Around 30 million poor people are directly benefiting from microcredit programs ...
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“And truly Philosophy is but sophisticated poetry. Whence do those ancient writers derive all their authority but from the poets?”
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