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Muhammad Yunus, IIM-A Set to Float Rs 50 Crore Fund to Seed Social Business
MUMBAI: Professor Muhammad Yunus, the father of microfinance and chairman of the Yunus Centre in Bangladesh, has finally found a taker for his brand of social businesses in India. He is joining hands with the Indian Institute of Management, Ahmedabad (IIM-A) to float a Rs 50-crore fund to seed social ventures.
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- Uncategorized
- Region
- South Asia
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Alliance Pushes Social Entrepreneurship Bill
An alliance of farmers, workers, community enterprises, business associations and fair trade groups is pushing for the approval of a measure designed to institutionalize social entrepreneurship (SE) nationwide.
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- Uncategorized
- Region
- Asia Pacific
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Innovative conservation: wild silk, endangered species, and poverty in Madagascar
For anyone who works in conservation in Madagascar, confronting the complex difficulties of widespread poverty is a part of the job. But with the wealth of Madagascar's wildlife rapidly diminishing— such as lemurs, miniature chameleons, and hedgehog-looking tenrecs found no-where else in the world—the island-nation has become a testing ground for innovative conservation programs that focus on tackling entrenched poverty to save dwindling species and degraded places.
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Q&A: Adi Godrej, Chairman of Godrej Group
Adi Godrej, billionaire chairman of the family-controlled Indian conglomerate Godrej Group, sat down with India Real Time to talk about why India should tolerate a little inflation, about how India’s economy should really be growing at 10%, and about his optimistic outlook for Godrej’s expansion across 20 emerging markets in Africa, Latin America and Asia.
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Africa’s Chance to Leapfrog the West
You've heard about the African Renaissance, right? The Aid Bosses, once the unquestioned successors in Africa to the joint heirloom of Mother Teresa and Lord Clive of Chennai, are finding it harder and harder to get face time with the political grandees in our wheeling and dealing capitals. The Chinese are fawning all over our oil and copper, forcing once-aloof Westerners to write treatises about why China's engagement with the continent isn't all marshmallow candy.
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Swabhimaanya Rolls Out Insurance Schemes for domestic help
In a bid to provide insurance schemes for the bottom-of-the-pyramid clientele, financial inclusion company Swabhimaanya Monday rolled out insurance cover starting with premiums as low as Rs.200 per annum for domestic helps and chauffeurs."With around 100 million domestic help employed across India, the need of the hour is to empower this section of the society with basic financial exposure," said Swabhimaanya chief executive and managing director Rahul Pagare, adding that the firm plans to reach out to one million people by the end of year.
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E+Co Announces Plans to Scale Up Clean Energy Investments
E+Co, the non-profit leader in clean energy investing in small and medium enterprises in emerging markets, announced today that it will phase out its innovations unit to solely focus on and scale up clean energy investments in developing markets.
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- Energy
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Indian MFIs Have Deviated From Idea of Micro Credit: Muhammad Yunus
Microfinance institutions in India have deviated from the idea of micro credit, Professor Muhammad Yunus, chairman of Yunus Centre and pioneer of micro-credit, has said."They (MFIs) moved away from the idea of micro credit. That has created all the problems," said Yunus, in a media brefing in Mumbai. "MFIs based in Andhra Pradesh have drifted from their mission.
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