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Sri Lanka Finance Minister Announces Cap on Microfinance Interest Rates
A cap on interest rates charged by micro-finance companies has been a long-term demand of groups agitating against exploitative loan schemes targeting the country’s poorest people.
- Region
- South Asia
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Press Release: Social Alpha and Tata Trusts – PATH Impact Lab launch ‘Quest for Healthcare Innovations’ in India
The Social Alpha Quest for Healthcare Innovations program will primarily focus on adoption and scaling of innovative products in order to accelerate development, positively impact public health outcomes and achieve global product standards.
- Categories
- Health Care
- Region
- South Asia
- Tags
- public health, startups
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India’s Jana Small Finance Bank launches commercial operations
Bengaluru-based Jana Small Finance Bank looks to turn profitable by the end of fiscal 2019.
- Region
- South Asia
- Tags
- microfinance
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Viewpoint: Here is Why Social Entrepreneurs are Silent Revolutionaries
State Institutions lack typical characteristics that enterprises have – greater focus on outcomes and ability to explore various models to solve complex problems. That is where social entrepreneurs come in.
- Categories
- Uncategorized
- Region
- South Asia
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LeapFrog Takes Majority Stake in India’s Ascent Meditech
LeapFrog Investments, an emerging markets-focused private equity firm, has acquired a majority stake in the Indian health products company Ascent Meditech Ltd.
- Categories
- Health Care
- Region
- South Asia
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India’s Banking Revolution Has Left Its Villagers Behind
Because Modi’s government effectively forced poor citizens into the banking system by linking some welfare benefits to bank accounts, villagers have ended up stuck in long queues and struggling with ATMs that often run out of cash or break down.
- Region
- South Asia
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Fintechs in India cater mostly to the affluent, huge potential in lower middle class: J P Morgan
Fintechs have an opportunity to cater to the lower middle income or LMI segment with an income ranging from $2 to $10 a day and are about 600 million in number.
- Categories
- Finance
- Region
- South Asia
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Alternate lending platforms are fixing India’s financial inclusion problem, becoming enablers for SME funding
Today, India's MSMEs and their business owners are finding new-age digital startups and alternate lending platforms to be the most effective institution to disperse credit.
- Region
- South Asia
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