With the growing scale of the MFIs, the competition they provide for Government-sponsored SHG programmes and imminent IPOs from SKS, Share and Spandana, the Government and RBI, are showing growing signs of disquiet. The commercialisation of Indian microfinance has allowed a massive increase in outreach and expansion of credit to the poor in India, at rates of interest that are (by world standards at least) relatively modest ... but there are many that wish that the path to growth had been more moderate, controlled, patient and focused on the double bottom-line.