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On 16 July 2006 "Microcredit Regulatory Authority Act, 2006" was enacted which came into drive from 27 August 2006. Microcredit Regulatory Authority (MRA) was established below this act to convey this sector under a regulatory framework. In fact, the institution of MRA is an endeavor of the federal government to create an enabling setting for sustainable growth and development of the microfinance sector in Bangladesh. Micro Credit score in Bangladesh.

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