The network promotes responsible lending, client protection, good governance and a supportive regulatory environment.
According to its bylaws, all non-banking finance companies registered with the Reserve Bank of India are eligible for membership in the society.
The Reserve Bank of India accorded recognition to the network via a letter dated 16 June 2014.
[1] The Microfinance Institutions Network is organized into four verticals: self-regulation, advocacy and development, communications and marketing, and state initiatives.
The self-regulatory function was part of the Reserve Bank of India's remit to the network to help supervise compliance on behalf of the regulator.