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. ...

USAID boosting rural economy by $50 Million

USAID to give rural economy $50-million boost India Today USAID has also announced that it will set up 30 Rural Business Hubs in eastern India, in partnership with the Confederation of Indian Industry (CII). These hubs would exclusively focus on farmers for disseminating best practices and technologies. ...

Finance to Poor people:UN Backed Initiative

Millions of rural poor to receive banking services under UN-backed initiative Middle East North Africa Financial Network Dec 14, 2011 (M2 PRESSWIRE via COMTEX) -- Two companies from India and South Africa announced today their commitment to provide banking services to 30 million low-income people living in rural areas by 2015, as part of their support for a United ...

Micro finance

Is Microfinance Pushing the World's Poorest Even Deeper Into Poverty? New Republic While admitting that access to credit is a handy tool, Mazhar of UBINIG argues that microfinance had been elevated into a shibboleth of market-based theories of development that encourages the withdrawal of the state from rural development in favor of ...

ACCESS Development Services and HSBC Present Microfinance India Awards India Infoline.com YC Nanda is the former chairman of NABARD. He is also an alumnus of Delhi School of Economics. He has been involved with a number of microfinance institutions, rural development agencies, management institutes as Director/Trustee. ...

World Bank (WB) has offered technical assistance

WB offers aid for development Manila Bulletin By RIO ROSE RIBAYA MANILA, Philippines — World Bank (WB) has offered technical assistance that would develop the operation of different government agencies and guarantee sustainable rural development in the country. Joseph Lim, a study consultant for ...

New CGAP paper on randomized evaluations

Randomized Microfinance Evaluations Highlight Opportunities for Improved Product Design
CGAP has released a new paper, Latest Findings from Randomized Evaluations of Microfinance, which synthesizes the latest research findings from around the world on a range of financial services, including credit, savings, and microinsurance. These existing studies offer a foundation for examining when particular products and designs work, for whom, and why, so that products and delivery approaches can be adjusted to meet the needs of poor people. The paper details a number of examples of simple and often inexpensive design tweaks and innovations that have shown significant results.

http://www.cgap.org/p/site/c/template.rc/1.26.17970/