Sa-Dhan, recognized by the Reserve Bank of India (RBI) as a self-regulatory organization for the microfinance sector, unveiled Sankalp 3.0 on Friday. This third edition of its sectoral guardrails aims to enhance governance standards and regulatory practices across the industry. The initiative emphasizes data-led decision-making, early risk identification, and customer-centric practices, reflecting a commitment to financial inclusion while addressing current challenges. The launch event in Mumbai featured key stakeholders, including RBI representatives and industry leaders. Jiji Mammen, Sa-Dhan's CEO, highlighted the focus on governance and customer protection, stating that the aim is to ensure responsible growth in the sector. Additionally, RBI board member Satish Marathe suggested the formation of a steering committee for ongoing discussions and issue resolution in microfinance. K Paul Thomas, Sa-Dhan's chairman, noted that the sector has shown resilience but must adapt to changing realities, and Sankalp 3.0 is a critical step towards building a balanced framework for sustainable growth.