by Rajen KumarMiddlemen Rule PSU Banks
The Union Finance Ministrys recent advisory to the public sector banks to take a tough stand while sanctioning loans to the corporate houses is, to say the least, amusing. The advisory,...
Special ReportsOct 2013
Association of Healthcare Providers India AHPI represents the vast majority of healthcare providers in India to work as not for profit organization for advocacy with...
Reconfiguring Priorities Agenda Well-Being
Micro Finance Institutions (MFIs) are the key players in helping and supporting the cause of financial inclusion. Grameen Bank which was established in Bangladesh to help poor in improving their livelihood conditions has pioneered the movement of MFIs all across the globe. SKS was a great success story for India, however its fate is not less known by its stakeholders as well as the patron of all, the government. It is really nice to hear policy makers, bankers, MFI representatives etc who show their concern for poor and poverty through their talks and data support.
Microenterprise financing: Demand and Supply Analysis
The informal economy always play crucial role in the developmental economies. The confluence of positive political will, institutional infrastructure and availability of progressive finance creates facilitative climate to grow informal economy which generally the developing economies extend.
Micro-Finance Investment Vehicles (MIVs): Should They Not Be (Made) Accountable As Well?
Finding it hard to believe these enormous claims, I asked Sinclair for evidence regarding the claims made in his book and he pointed me to some documents in the public domain (and at the book website – www.microfinancetransparency.com) as being relevant to the LAPO case. A couple of documents relating to Triple Jump (TJ) he claimed that he did not possess on hand but stated that he had seen them at work (as described in the book). In my opinion, after having seen the various documents, I feel that it may be difficult for Sinclair to prove some of his claims with regard to intentions and related issues.
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%.
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
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.
- Winner of appreciation award for promoting SMEs in India.
- 1st ever Indian magazine to penetrate tier II, III cities & the rural belt.
- Industry Partnerships include CII, FICCI, ASSOCHAM, PHDCC, AIMA, ITPO, SME Network, Federation of Indian Micro Small Enterprises (FISME)
- Official Magazine Partners for several national & international MSME events.
The Last Word
Of the 80 odd seasons that he has been through, he savoured less springs and suffered more rains, proverbially. Not that time took a toll on his age, it was his own siblings who dumped, nay disowned,...
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