Can india’s MFI industry be saved

Can india's MFI industry be saved?

The government and RBI must draw an MFI survival strategy before it's too late. We need them at least till such time the banks are ready to reach out to the masses

Andhra Pradesh, India's fourth largest state by area and fifth largest by population, 

has set a world record. About 9.2 million borrowers in the southern state have defaulted 

in repaying money borrowed from microfinance institutions (MFIs) .....

http://www.livemint.com/2012/01/15215923/Can-india8217s-MFI-industry.html?h=B 

World economy driving by India: Pranab

India has become growth driver of world economy: Pranab Times of India ... a difference to lives of common people in rural India. "Empowerment through inclusive growth has been given legal entitlements such as Right to Information & Right to Education. There is also a proposal for Right To Food Security," said Mukherjee. ...