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eKutir becomes India’s first Certified B Corporation
eKutir, a for-profit social enterprise fueling job creation, prosperity and livelihoods for India’s poorest communities, is the country’s first company to become a certified B Corp™. This prestigious designation is awarded to companies that use the power of business as a force for good, meeting the highest standards in performance, transparency and accountability to solve social and environmental problems.
- Categories
- Impact Assessment, Technology
- Region
- South Asia
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Fintech start-up NeoGrowth raises $35 million to help small retailers in India access credit
Fintech start-up NeoGrowth has raised $35 million (about Rs.225 crore) of equity from IIFL Asset Management and existing investors, including Accion Frontier Inclusion Fund, managed by Quona Capital.
- Categories
- Technology
- Region
- South Asia
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Report: India’s PMJDY initiative narrowing gender divide in financial inclusion
PMJDY has played a crucial role to cover more Indian women under the financial inclusion folder with as many as 47 per cent of them possessing the basic bank account under the scheme, a report study said today.
- Categories
- Uncategorized
- Region
- South Asia
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India pushes to formalize impact investments
Putting in money for social development is believed to be the responsibility of either the government—as part of the welfare for its citizens—or charitable rich individuals and institutions.
- Categories
- Impact Assessment
- Region
- South Asia
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Rapid growth of MFIs’ gross loan portfolio sets alarm bells ringing in India
Microfinance companies extended heavier loans to their customers in the last financial year, data showed, raising concerns the sector that emerged from a crisis not far ago may be growing too fast yet again for its own good.
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- Uncategorized
- Region
- South Asia
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Deposits up 118 percent over 21 months in India’s Jan Dhan financial inclusion program
The average deposit per account under the Pradhan Mantri Jan Dhan Yojana (PMJDY) - a financial inclusion programme launched by Prime Minister Narendra Modi in August 2014 - increased 118 per cent from Rs 795 in September 2014 to Rs 1,735 in May 2016, according to IndiaSpend analysis of government data.
- Categories
- Uncategorized
- Region
- South Asia
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China touts new bank’s greater understanding of developing world
The China-led Asian Infrastructure Investment Bank (AIIB) will be different from institutions like the World Bank because it has a greater understanding of the developing world's needs, officials said on Sunday at its first annual meeting.
- Categories
- Uncategorized
- Region
- South Asia
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Medical colleges: Health Ministry to scrap no-profit clause
Accepting in principle that a medical college can be a profit-making enterprise, the Health Ministry has started the process to remove a clause in eligibility rules which states that permission to companies to set up medical colleges would be withdrawn if there is “commercialisation”.
- Categories
- Health Care
- Region
- South Asia
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