29 October, 2020

Is It Micro Usury?

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

Siddharaj Solanki
Is It Micro Usury?
outlookindia.com
-0001-11-30T00:00:00+05:53

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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