Editorials

by Rajen Kumar

APEDA Rendering Lip Service

For over four years now, we have been making relentless efforts to fill information deficit that painfully exists in the country's Micro, Small and Medium Sector. Encouragingly enough,...

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Special Reports

Feb 2012

Streamlining Crowd's Vitality

The economic uncertainty around the world may have been the cause of many a setback but it has also created opportunities for innovation and prompted people to “really”...

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Micro Finance


Feb, 2012

MICROENTERPRISE: Bridging link between the Micro initiatives and Microfinance

Targeting to half the absolute poverty with having 37% population under poverty level and employment seeking population of 40 million (9.4% - calculated as a percentage of labor force) India needs a vertically reached effective tool with larger objective of poverty eradication. Contextually as an agrarian economy and having contribution in employment of 52.1 percent of the total workforce, agriculture would have been the best tool to adopt. However looking at the level of stagnation, over employment and high level of disguised employment in the agriculture sector it is crucial to adopt the best possible alternative. In this critical circumstances the Micro Small and Medium Enterprises (henceforth MSME) sector has a justification to emerge as the effective tool as it is showing gradual and steady growth. MSME sector contributes 8 percent of the country's GDP and well known for providing the maximum opportunities for both self-employment and jobs after agriculture sector. It is also contributing significantly to the economy. The growth of MSE (Micro and Small Enterprise) sector is also significant; during 2007-08 the overall industrial growth rate was 8.5% where MSE sector had projected growth of 13.00%.

Jan, 2012

What is said at Conferences is Very Different from What is Implemented in Practice

It is very easy to talk high flying concepts at conferences and also publicly claim that the same is being applied in practice. In reality, however, much of the intended strategies do not get implemented in microfinance and that is something that conference organizers, industry associations, regulators and stakeholders must take notice

Sep, 2011

Urgent Need for Specialised Consumer - Protection Legislation in Indian Micro-Finance

In the Indian micro-finance sector, self-regulation through such voluntary codes of conduct has been less than effective since institutional capacities of industry associations (MFIN or Sa-Dhan) have often been limited, micro-finance markets are highly concentrated and dominated by a small number of MFIs, the legal framework for micro-finance services is underdeveloped, and available the laws and regulations (like RBI code of conduct for NBFCs) are frequently not effectively applied or enforced.

The National Rural Livelihood Mission (NRLM): A Brief Critique

The National Rural Livelihood Mission (NRLM) is one of the major programs of the Ministry of Rural Development, Government of India. While the NRLM promises a lot with regard to creation and strengthening of rural livelihoods, it does suffer some serious shortcomings, which if not addressed are likely to see it move in the same path as the IRDP, SGSY and/or other programs.

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The Last Word

Rest in Peace, Ashwin !

What has happened Rajen, you haven't replied to my email I sent some time back?”. It was a frantic call from Ashwin Merchant November last as if something was amiss in his scheme of things. I...

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