The State government and bankers have extended complete support to the code of conduct evolved by Sa-Dhan, an association of community development finance institutions, for microfinance sector and adopted by its members from the State.

At a meeting on ‘MFI crisis' here on Tuesday, Sa-Dhan MFIs institutions wholeheartedly adopted the code of conduct and declared their commitment for its vigorous implementation within a self-regulatory framework. The code lays stress on protection of poor borrowers and strengthens transparency and governance of MFI operations in the State.