econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result

India: Microfinance Struggles but Self Help Groups Seem to Flourish

admin by admin
3월 7, 2011
in 미분류
0
0
SHARES
0
VIEWS

microfinance India Econintersect (by Sanjeev Kulkarni):  Microfinance has come under a preditory cloud. According to the Economic Times:

The stories of lives being changed by a $27 micro loan and picture perfect scenes of smiling women with colorful hand looms, empowered by affordable credit, have been replaced by headlines about borrowers driven to suicide.

Critics say the industry has grown too quickly for its own good, with too much rapaciousness and too little regulation. That has fostered a breakdown in lending discipline, with multiple loans to overextended borrowers, and allowed some unscrupulous players to thrive.

Some say that remarkable growth has prompted a backlash from vested political interests.

But there are other paradigms, such as Self Help Groups, which seem to be out of the clutches of rapacious business interests.

The Indian Government has recognized this fact and the 2011-12 Union Budget has proposed the creation of the women’s Self-Help Groups (SHG) Development Fund with a corpus of Rs 500 crore.

As an example 10,000 SHGs are operational in Pune servicing 200,000  women in Pune.
According to Times Of India report, The 2011-12 Union Budget are likely to bring smiles to these women.

The Pune self groups are mainly run by Pune Muncipal Corporation.

The Government is also mulling to bring the micro finance industry under the banking regulation. This will allow the microfinance industry to tap retail funds which will lower the cost of capital. It is expected that that the regulation and cost of low retail funds will allow access to micro finance funds at lower interest rates.

Sources: The Economic Times and  The Times Of India

Previous Post

London-Toronto-Nasdaq Exchange?

Next Post

Oil Surges and then Backs Off Monday

Related Posts

Bitcoin Is Finally Trading Perfectly Like 'Digital Gold'
Economics

Bitcoin Is Finally Trading Perfectly Like ‘Digital Gold’

by admin
Namibia Will Regulate And Not Ban Crypto With New Law
Finance

Namibia Will Regulate And Not Ban Crypto With New Law

by admin
6,746 ETH Valued At $12M Was Just Burned
Economics

6,746 ETH Valued At $12M Was Just Burned

by admin
Bitcoin Is Steady Above $29,000 Awaiting US NFP Figures
Economics

Bitcoin: What Next After Consolidation Ends?

by admin
US Government Offloads Another 8,200 Bitcoin – On-chain Data
Economics

US Government Offloads Another 8,200 Bitcoin – On-chain Data

by admin
Next Post

Oil Surges and then Backs Off Monday

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect