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Demonetization Turns Out to Be a Double Whammy for India’s Microfinance Sector
The demonetisation of high-value currency notes has come as a double whammy for micro finance institutions (MFIs), which have temporarily stopped providing credit to their customers while loan repayments have also taken a major hit, industry sources said.
- Categories
- Uncategorized
- Region
- South Asia
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The fresh round of investment by Eight Road Ventures
IFMR Capital, which helps financial institutions serving poor people raise funds, has received $25 million in funding from Eight Roads Ventures, the proprietary investment arm of Fidelity International Ltd. This is Chennai-based IFMR Capital’s second round of institutional funding.
- Categories
- Impact Assessment
- Region
- South Asia
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Indian Company Protoprint Transforms Waste into 3D Printing Filament for Commercial Use
This week, we reported on New Zealand-based Waikato University’s revolutionary FDM technology-based 3D printing method that allows anyone to print complex objects by converting waste material into thermoplastic filament, and we’ve seen several initiatives around the world focused on bringing waste material into reuse via 3D printing.
- Categories
- Environment, Health Care, Technology
- Region
- South Asia
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India’s microfinance firms scramble to react to government’s ban on high-value currency
Microfinance companies, which work in the grassroot level and handle cash more than any other institutions, are in complete quandary on what strategy they should adopt now as far as accepting high value currency notes goes.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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Modi’s ‘Masterstroke’ Cash Ban to Boost India Digital Push
Cash may no longer be king in India. The nation’s nascent digital economy stands to be the biggest beneficiary of its strongest crackdown on corruption since 1978.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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AP launches urban e-healthcare centre scheme
The Andhra Pradesh Government will make all efforts to provide quality medicare to the urban poor and to that end it will make use of technology, Chief Minister N. Chandrababu Naidu has said.
- Categories
- Health Care
- Region
- South Asia
- Tags
- public health
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Indian Fintech Startups Are Still a Long Way Off From Big Global Peers
Though IT trade body Nasscom claimed that India has more startups than China last week, the KPMG Fintech100 report for 2016 does not reflect it.
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- Technology
- Region
- South Asia
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Merck Opens China Pharmaceutical Plant
The world's leading biomedicine company Merck has opened a plant in Nantong, China's eastern Jiangsu Province, to produce pharmaceuticals on the country's Essential Drug List.
- Categories
- Health Care
- Region
- South Asia
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