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Acumen Increases Its Efforts to Improve India’s Private Education With New Investments
Acumen announces its new investment in Ignis Careers andStandard of Excellence in Education and Development (SEED) to improve the current state of low-cost, private education in India. India has the largest kindergarten to 10th grade system in the world with more than 1.6 million schools. More than 96 percent of children, ranging from ages 6 to 14, are enrolled in school. However, the quality of education is poor, and half of the children in Grade 5 can only read at a Grade 2 level.
- Categories
- Education
- Region
- South Asia
- Tags
- impact investing
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Without broadband, financial inclusion in India will remain a ‘pipe dream,’ says telecom regulator chairman
Advocating deeper broadband penetration to ensure success of Jan Dhan scheme, telecom regulator TRAI’s chief Rahul Khullar today said financial inclusion will otherwise remain a “pipe dream” and merely opening bank accounts will not serve the purpose.
- Categories
- Technology
- Region
- South Asia
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Villagers Armed With Smartphones Can Help Stem the Rising Rate of Suicides in India
India has among the highest rates of depression in the world. If Deepika Padukone, a leading Bollywood actress, hadn’t talked publicly about her battle with depression, you probably wouldn’t know.
- Categories
- Health Care
- Region
- South Asia
- Tags
- infrastructure
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Financial Inclusion: How Banking Is Coming to India’s Countryside
One of the ways that Indian Prime Minister Modi is trying to get more Indians into the financial system is by delivering state support straight into bank accounts of those who need it rather than via costly price subsidies.
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- Uncategorized
- Region
- South Asia
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Portal for Blue-Collar Jobs Babajob Raises $10M from Australia’s SEEK
Bangalore-based Babajob Services Pvt Ltd, which runs the job portal for blue-collar workers, has raised $10 million from Australian company SEEK Ltd, it said on Tuesday. SEEK has picked a minority stake in the firm.
- Categories
- Technology
- Region
- South Asia
- Tags
- impact investing
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Other Countries Like US, Russia May Soon Follow the Model of India’s Financial Inclusion Drive
The Pradhan Mantri Jan Dhan Yojana programme, the drive launched by Prime Minister Narendra Modi to ensure at least one member in every household in the country had a bank account, could soon emerge as a worldwide template for achieving rapid financial inclusion.
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- Uncategorized
- Region
- South Asia
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Press Release: Accion, FMO and Triodos Investment Management Form Consortium to Strengthen Financial Inclusion in Myanmar
Financial inclusion pioneer Accion, the Dutch development bank FMO, and Triodos Investment Management today announced their plans to invest in and expand Dawn Microfinance, one of the earliest microfinance institutions (MFIs) established in the Republic of Myanmar. The $6.85 million investment is intended to establish the newly incorporated MFI as a premier institution that can serve as a model for the country’s nascent microfinance industry and influence the development of the sector.
- Categories
- Uncategorized
- Region
- South Asia
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IFC Invests in Cambodia’s PRASAC Microfinance Institution Ltd. to Expand Lending for Micro and Smaller Businesses
IFC, a member of the World Bank Group, has provided a loan of up to $10 million to PRASAC Microfinance Institution Ltd., Cambodia’s largest organization of its kind, to increase lending to micro, small and medium enterprises in the rural and agricultural sectors.
- Categories
- Uncategorized
- Region
- South Asia
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