Meso level infrastructure
In line with the growth of retail institutions, the meso level infrastructure as also developed.
There are a number of TA providers like Microsave, EDA Rural Systems, ACCESS Development Services, Centre for Microfinance -Institute for Financial Management and Research, Bankers Institute of Rural Development, Micro Insurance Academy, Tata-Dhan Academy, M2i consulting, Sambodhi, BASIX and Intellelcap among others offering a range of technical services. With increasing focus on Investment, the capital advisory services are much in need and a few agencies are finding niche in them, most notably Grameen Capital India, Intellicap and Unitus, which has extensive presence in India.
Among the rating agencies, M-CRIL, CRISIL and SMERA are most notable. More MFIs are being rated as they approach bank and other commercial investors to meet their debt and equity needs. Out of 233 MFIs reporting to Sa-dhan 2008 report, M-CRIL rated 43, CRISIL rated 56 MFIs and all other rating agencies carried out ratings for 38 MFIs.
There is also a considerable interest in various aspects of technology contributing to the microfinance sector. An integrated MIS, mobile devices, smart-card solutions and score-cards are some examples of such technological innovations, which are increasing becoming popular among MFIs and many technology firms are offering products and solutions to growing needs of the MFIs.
Sa-dhan is national network of over 200 MFIs, playing a key role in policy advocacy and addressing issues such as code of conduct among members, data collection and transparency for the sector. Recently a new network of NBFCs, Microfinance Institutions Network (MFIN) is created by leading NBFCs to cater to the policy advocacy and other needs of this group of MFIs. At present 34 MFIs are members of MFIN.
At present, there is no Credit Bureau; however, MFIN is working in that direction with leading MFIs those are its members. MFIS has partnered with Credit Information Bureau (India) Limited (CIBIL) to start a Microfinance Credit Information Bureau.