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India’s Prime Minister Launches ‘Stand Up India’ to Promote Financial Inclusion
Giving a push to government's financial inclusion programme, Prime Minister Narendra Modi today launched the Stand-up India scheme under which 1.25 lakh bank branches will provide loans up to Rs 1 crore to SC/ST and women entrepreneurs.
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- Uncategorized
- Region
- South Asia
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Seven Essential Guiding Principles to Boost Financial Inclusion Laid Out in New Report
Seven guiding principles to help countries increase financial inclusion were set out in a report released today by the Committee on Payments and Market Infrastructures (CPMI) and the World Bank Group. The Payment aspects of financial inclusion report builds on a document that underwent public consultation in late 2015 and seeks to tackle barriers to the adoption and usage of transaction accounts, which sit at the heart of retail payment services.
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- Uncategorized
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IFC to Lend $150M to Shriram Transport Finance
International Finance Corporation (IFC), the private sector lending arm of the World Bank, has agreed to invest $150 million in Shriram Transport Finance Company Ltd (STFCL) in the form of senior debt to help the firm provide more finance to micro, small and medium enterprises (MSMEs).
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- Uncategorized
- Region
- South Asia
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- lending
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Bernie Sanders’ Bizarre Idea of Fair Trade
Bernie Sanders, it is often noted, has never met a free trade deal that he liked. But inhis recent interview with the New York Daily News's editorial board, the senator from Vermont outlined the trade terms he might find acceptable. His statement should be absolutely chilling to the developing world.
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- Uncategorized
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- public policy
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Over 60 Financial Giants Line Up to Partner With India Post
The vast legacy network of India Post, once perceived to be unwanted baggage and a huge financial burden, is turning out to be its biggest strength. Top global financial firms Barclays, Citibank, Deutsche Bank, Western Union, Visa and domestic giants State Bank of India and Punjab National Bank are among over five dozen companies that have queued up to partner with the payments bank arm of the country's postal department.
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- Uncategorized
- Region
- South Asia
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Indian Microfinance Self-Regulator Acts to Ward Off Danger of Over-Indebtedness Crisis
The Andhra Pradesh microfinance crisis that put the entire sector on the verge of collapse is still fresh in everybody's mind and MFIN is no exception. Before the crisis, the sector was known for 100% growth year after year while borrowers took loans beyond their capacity to repay leading to the undoing of many of the leading micro lenders.
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- Uncategorized
- Region
- South Asia
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- lending, microfinance
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How Five College Friends Turned a Social Enterprise Into a Million Dollar Business
College friends building a business into a million-dollar brand using recycled paper beads isn’t the average fashion startup story.
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- Uncategorized
- Region
- Sub-Saharan Africa
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What’s a Sustainable Company? It’s Hard to Define
How do you know if a company or mutual fund is socially responsible or not? It depends on whom you ask, which can be frustrating for an investor but isn’t likely to change soon.
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- Uncategorized
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