Film inspired by micro-credit Pallab Bhattacharya, New Delhi

Nobel Laureate Dr. Mumhammad Yunus has not only brought millions out of the quagmire of poverty in Bangladesh but also inspired a feature film screened in the Indian Panorama section of International Film Festival of India (IFFI) in Goa.

Micro-credit Regulatory Authority (MRA) is poorly equipped to deal with hundreds of unlicensed micro-finance institutions (MFIs) despite the fact that it is the sole authority to regulate the institutions, officials at the agency admitted yesterday.

Even the authority has nothing to do with thousands of NGOs registered under different authorities offering micro-financing services.