Microfinance has failed in India: Jairam Ramesh

Friday, December 6, 2013

There is an urgent need to overhaul the regulatory and business architecture of India’s microfinance institutions (MFIs) with focus on building social capital and expanding financial inclusion as opposed to profit-driven models, experts said on Friday.

Source: Hindustan Times (link opens in a new window)

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financial inclusion, microcredit, microfinance