As microfinance institutes continue to prove their role in forwarding the government’s agenda of overall financial inclusion, particularly in ‘last mile’ access to loans in far-flung villages, it is time for the government to increase its efforts in encouraging MFIs
Success of microfinance in India finds testimony in reports that business of MFIs and NBFCs in India has grown 26 percent during the current fiscal, with maximum growth recorded in eastern states
The growth of MFIs in India is a well-documented matter. The success of microfinance is such that it is one of the largest growing sectors in the country, with recent reports finding that microfinance has shown a 64 percent growth
It is important to provide housing finance to low and moderate-income households to utilize the potential of serving a large section of the rural poor, who are in need of affordable housing
India is a nation hard to ignore, both in the context of Asia, or even the rest of the globe, because of the significant strides it has taken towards development. It is also true that India lives in its villages.
