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Around 1400 reports have been tabled by the PAC since the first Lok Sabha till end of 14th Lok Sabha.
In terms of absolute numbers, the largest number of reports were tabled during the 5th Lok Sabha (1971-77). However, in terms of the average number of reports presented in the duration of a single Lok Sabha, the 6th Lok Sabha is the highest. The fewest number of PAC reports were tabled during the 1st Lok Sabha (25 reports over all and 5 reports on an average per year).
The Andhra Pradesh government issued an Ordinance on October 15, 2010, which stipulated conditions for the microfinance activities in the State. This Ordinance was ratified two months later on December 15, 2010 by the lower house of the Andhra Pradesh assembly. The key features of the Bill are: •All MFIs should be registered with the district authority. •No person should be a member of more than one SHG. •All MFIs shall make public the rate of interest charged by them on the loans extended. •There would be a penalty on the use of coercive action by the MFIs. •Any person who contravenes any provision of the Ordinance shall be punishable with imprisonment for a period of 6 months or a fine up to the amount of Rs 10,000, or both. The State assembly accepted most of the features from the earlier Ordinance in the Bill. However, the demand for a cap on the interest rates charged by the MFIs for the loans extended to the SHGs was rejected during the ratification.