The government’s decision to demonetize two denominations of high value currency notes and to push forth the idea of a cashless economy since November 8, 2016 is indeed a paradigm shift in India’s economic history. Since the platform for ‘Digital
Experts have called for incentivizing MFIs in order for the government to utilize their network, particularly in extreme rural areas
There remains no doubt whatsoever that MFIs have gone where regular banks do not dare to go. Over the years micro-credit lenders have developed an enviable network that connects much of rural India. Given the circumstances, it seems prudent that
The success of micro credit in the North Eastern states of India is a case study for how MFIs can bring in significant socio-economic change in areas of their operation
Numbers often speak louder than words and this is probably truer when it comes to figures showing how microfinance encouraged social changes in different parts of India. The North-East, which had often been a forgone region in the country, is
Success of micro credit needs to be judged by the fact that despite the absence of formal documentation, rate of return on loans is often higher than that of commercial banks
Latest figures available from the Bharat Microfinance Report, compiled by Sa-Dhan, the self-regulatory nodal agency for MFIs in India, reveal that MFIs are growing at a substantial pace and building up a solid credit portfolio. Here, it is important to
