Q. Malegam Committee Report was sometime seen in the news. Which of the following sector does the report caters to? 
Answer: B
Notes:
The Malegam Committee Report of 2011 helped establish micro- finance as a legitimate asset class.
After 10 years then, the Reserve Bank of India (RBI) had released its Consultative Document on Regulation of Microfinance in June 2021.
About the committee:
The Reserve Bank of India formed a sub-committee in order to study the Microfinance sector regulated by the bank. The Sub-Committee was under the chairmanship of Y.H. Malegam.
The committee recommended certain conditions to be satisfied for NBFCs to be classified as NBFC-MFI:
- Not less than 90% of NBFCs total assets (other than cash, money market instruments and bank balances) are in the nature of “qualifying assets.”
- The income NBFC derives from other services is in accordance with the regulation specified on that behalf.
Read more: A framework for microfinance regulation that would suit India
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