Indian Institute of Banking & Finance, in collaboration, with Sa-dhan (Association of Community Development Financial Institutions) launched a Diploma in Microfinance on 2nd April 2008. The Diploma was launched by Shri. Pawan Kumar Bansal, Honourable Minister of State for Finance in New Delhi. The Diploma is a two-paper exam and is open to all desirous of making a career in microfinance. The first exam will be held in December, 2008 and the enrolment will begin from June, 2008.