Corporate governance in micro finance institutions: Issues and challenges Sahoo Manoj Kumar1, Pratihar Er. Supratim2 1Asst. Prof. in Economics, DRIEMS - MBA, Tangi, Cuttack, Orissa, India 2Asst. Prof. in Economics, DRIEMS - MBA, Tangi, Cuttack, Orissa, India Online published on 20 March, 2021. Abstract Microfinance is a powerful tool that facilitates the poor to get out of poverty and empowers them to run their lives successfully. It is one of the great success stories in developing world in the last 30 years and is widely recognized as a sustainable solution in alleviating global poverty. Microfinance is the provision of financial services such as loans, savings, insurance, and training to people living in poverty. But now Indian microfinance is at crossroads, due to different avenue like charges of politicizing, commercialization, and robbing the poor have been heard from all corner of the globe. The variety of institutions providing microfinance cannot develop fully without good corporate governance conducive to their growth. A transparent, inclusive framework for regulation will preserve the market specialties of different types of microfinance institutions and will promote their ultimate integration into the formal financial system. For this, India has brought a fresh quest for corporate governance towards microfinance. This paper outlines the current challenges for the microfinance movement in India. The paper also makes an attempt to address the issues concerning current governance for tackling the challenges in the sector for their growth and survival in the present market economy. This article tries to find out few important factors of good governance in relation to MFIs operating in India. Top Keywords Microfinance, Corporate governance, Bank, Regulation. Top |