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Banks flag bad loans, rising fraud in SHGsBanks are flagging increased fraud and loan defaults within self-help groups. To combat this, lenders are suggesting mandatory unique regis...- NABARD marks 44 years of rural empowermentSpeakers emphasized the need for better credit planning alignment and acknowledged NABARD's commitment to inclusive growth and rural prospe...
- Microfinance institutions should refrain from reckless lending: DFS SecretaryMicrofinance institutions must avoid reckless lending to Self Help Groups and Joint Liability Groups, according to Financial Services Secre...
- PM Modi hails Assam entrepreneur as inspiration for mobilising 3,000 women to form SHGsPrime Minister Narendra Modi on Saturday hailed a woman entrepreneur from Assam, who mobilised 3,000 people to form self help groups (SHGs)...
- States should dismantle APMCs, adopt eNAM for farmers' benefit: Nirmala Sitharamane-NAM is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural...
- 10 million poor rural borrowers in AP may soon be labelled defaultersMillions of rural poor borrowers in the state are running the risk of losing access to formal credit.
- MFI's delivery channels in AP fall short of expectations: Mathew Titus, Executive Director, Sa–DhanIn an interview with ET Now, Mathew Titus, Executive Director, Sa–Dhan, talks about MFI funding. Excerpts:
- Constitutional validity of micro finance billAt the outset, it is worthwhile noting some factual statements in RBI reports in regard to micro finance activities.
- AP plans NBFC to lend at subsidised rates to SHGsAndhra Pradesh plans to set up a non-banking finance company (NBFC) to lend at subsidised rates to self-help groups (SHGs).
- New chairman of Nabard Prakash Bakshi to face fresh challengesUnlike his three immediate predecessors, the new chairman of National Bank for Agriculture & Rural Development (Nabard) has an advantage.
- New chairman of Nabard Prakash Bakshi has work cut out for hi\mHe is assuming charge at a difficult time. Nabard was set up to ensure credit flows for agriculture and rural development.
- MFIs outside AP to benefit from new rulesMFIs will find it easier to obtain bank loans if they cap their interest to borrowers at 26%.The overall size of the industry is about Rs 2...
- India compares poorly with Asian peers in fin inclusion: RBIIndia compares poorly with OECD as well as many of its Asian peer group countries with respect to financial inclusion, the Reserve Bank tod...
- Management practices at many MFIs cause concernWhat’s perhaps worrying the regulator and some of the stakeholders is that the MFIs are still being run like small family-owned firms.
- NABARD unveils financial assitance scheme for JLGsIn yet another bid to channel institutional credit to the country’s vulnerable sections -- Nabard has just unveiled a financial assistance ...
- Multinational consultant for SHGs in West BengalThe Left Front government in West Bengal has decided to engage a multinational consultant for its newly-formed marketing corporation -- an ...
- West Bengal banks providing loans to SHGsBanks operating in West Bengal have provided a fresh loan of Rs 175.5 crore to local self help groups (SHG), taking the total outstanding S...
- Rangarajan for NBFC status to microfinance institutionsC Rangarajan, chairman of Prime Minister’s Economic Advisory Council (EAC), has said that microfinance institutions should be recognised as...
- Public sector banks miss priority lending targetPublic sector banks (PSBs) have missed their priority sector lending target as a group, although marginally, after many years.
- Microfin may come under Nabard's ruleThe National Bank for Agriculture and Rural Development (Nabard) is likely to get powers to regulate microfinance institutions (MFIs) in th...
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