On 16 July 2006 «Microcredit Regulatory Authority Act, 2006» was enacted which got here into force from 27 August 2006. Microcredit Regulatory Authority (MRA) was established below this act to convey this sector underneath a regulatory framework. In fact, the establishment of MRA is an endeavor of the government to create an enabling setting for sustainable growth and development of the microfinance sector in Bangladesh. Micro Credit in Bangladesh.

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