At a meeting on Wednesday with bankers, micro-financiers and the State government representatives to find a solution for the current impasse in the issue of micro-financing, the code of conduct developed by Sa-Dhan received approval from all, a press release from Sa-Dhan claimed.

Principal Secretary R. Subrahmanyam, who represented the government emphasised the need to improve transparency as well as collection and lending practices of the micro-finance institutions.

He also placed stress on compliance with the ordinance.

Sa-Dhan, the national association of 237 community development finance institutions, presented its roadmap for implementation of the code across the country starting with Andhra Pradesh from November 15, the press note informed.