Microfinance has received most significant recognition of its importance since the 2005
World Summit. The Summit Outcome Document recognized the need for access to
financial services, in particular for the poor, including through microfinance and microcredit.

Support for microfinance was also strongly implied in the endorsement by the
Summit of the 2002 Monterrey Consensus, which states: “Microfinance and credit for
small and medium-sized enterprises, including in rural areas, particularly for women are important for enhancing the social and economic impact of the financial sector. The
microfinance received further recognition as the year of 2005 has been declared the
International Year of Micro-credit.

So, STEPs Microfinance Consultancy(SMC) felt the need of creating a ‘one stop Training and Development’ solution for the mushrooming MFIs in India with its experienced, Qualified Team members.

The objectives of SMC is to train and facilitate with the best in the industry knowledge and skills and practices; and to develop the capacity of the MFI professionals to create a standard, process driven and compliant with the norms of regulatory bodies; which will result in achieving the core objectives of Microfinance.

The objective is to implement and execute the policies framed by the regulators and advocate and create an awareness among about MFI services taking support from MFIS & Government bodies.

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