08 May, 2021

Is It Micro Usury?

Ethics runs smack into profit in the debate on the small loan business

Siddharaj Solanki
Is It Micro Usury?

Micro Gain, Macro Pain
Microfinance institutions make big claims, but critics point at the holes.

Financial inclusion    Opaque benefits

  • By March-end 2009, over 22 million people were beneficiaries
  • Rs 25,000-30,000 crore deployed in the system
  • Large funds flowing to sector from banks and equity investors
  • Reach out in areas where banks have been tardy in providing...

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