Bihar Micro Finance Institutions Bill, 2026 The Bihar MFI Act creates a parallel regulatory framework that directly conflicts with the regulations set by the RBI for NBFC-MFIs On Thursday, 27th February, 2026, the Bihar Assembly has passed the Bihar Micro Finance Institutions (Regulation of Money Lending and Prevention of Coercive Actions) Bill, 2026 (“Bill”) aimed at regulating the micro-finance sector in Bihar.