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Chennai-based mostly Centre for Micro Finance (CMF) has said the micro-finance sector is rising at the speed of 82% in the japanese a part of the country, the fastest price in India.Also, there exist an incredible disparity in the penetration of micro finance inside the region, with Orissa and West Bengal witnessing excessive levels of penetration, and states like Assam, Bihar and and Jharkhand lagging behind.A proposed Micro Finance Invoice 2007 is but to be handed by the Parliament as there is no consensus on several points. Most notable being on limiting the interest rate charged by the micro-finance companies. The article also talks about this. Speaking at a seminar on micro credit organised by the Confederation of Indian Industries (CII), Abhijit Banerjee of Massachusetts Institute of Technology (MIT), mentioned “Placing a ceiling on the speed of curiosity charged by the micro finance institution would not be a good suggestion, more so on this juncture when the economy is passing by means of a excessive inflationary regime.”

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