The primary clientele of MFIs like VFS are women. In fact, MFIs like us provide credit only to women because women, when empowered, have the capacity to improve the financial condition of not just their immediate family but also other
Spreading financial literacy is the first step towards financial inclusion.
Bankers, policy-makers and analysts have all accepted the need for financial literacy and its significance in the road towards wider financial inclusion. The practicalities of this belief have been further reinforced by studies on financial literacy initiatives and the financial
In a country where one in two people still do not have a bank account and only 15 percent have access to formal credit lines, it is important to seriously think of the right to financial inclusion as a fundamental right.
For India, a country of 1.3 billion, financial inclusion can be a difficult job but the idea of loan waiver following natural calamities do not always seem prudent and could cause a drain to the nation’s funds. Instead, the government
Microfinance will continue to remain a relevant and important channel for providing financial services to a vast segment of the population, where Formal Credit Support does not reach.
Over the last few decades that microfinance has been involved with raising awareness about financial transactions and proper savings, particularly among the mostly uneducated rural populace, MFIs have become an integral and crucial part of India’s growth story. Not only
