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As Delhi hikes minimum wage, trade unions urge other Indian states to follow
A "historic" move to raise the minimum wage of millions of Delhi's poorest workers by almost 40 percent should be extended to other parts of the country to fight exploitation, trade unions and rights groups said on Tuesday.
- Categories
- Uncategorized
- Region
- South Asia
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Indonesia on Track to Greater Financial Inclusion
Millions of unbanked Indonesians are going to enjoy easier access to the savings, loan and insurance services on the back of the government's renewed political will to tackle financial exclusion, an executive at Bill and Melinda Gates Foundation said. President Joko "Jokowi" Widodo's seeks to grant access to financial services to 75 percent of Indonesian adults by 2019, up from 36 percent in 2014.
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- Uncategorized
- Region
- South Asia
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India: IFC to provide up to $20m debt to RGVN Microfinance
IFC (International Finance Corporation), a member of the World Bank Group, will provide up to $20 million to RGVN (North East) Microfinance Ltd in the form of a senior debt investment, according to an IFC disclosure.
- Categories
- Impact Assessment, Investing
- Region
- South Asia
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India aims to become 100% e-vehicle nation by 2030: Piyush Goyal
The government is working on a scheme to provide electric cars on zero down payment for which people can pay out of their savings on expensive fossil fuels, for becoming 100 per cent electric vehicle nation by 2030. "India can become the first country of its size which will run 100 per cent of electric vehicles. We are trying to make this programme self financing.
- Categories
- Energy, Environment
- Region
- South Asia
- Tags
- renewable energy
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Indian MFI group to refuse loans to defaulters of any member firm
A lobby group of microlenders on Tuesday decided to disallow loans for new applicants who have previously defaulted on repaying any other lender.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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Why most healthcare start-ups are bleeding
Not many digital healthcare start-up has achieved break-even mainly because of the absence of ‘assisted e-commerce’ in an industry driven mostly by doctors, pharmaceutical companies and their associations.
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- Health Care, Technology
- Region
- South Asia
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Has the Indian Government’s Microloan Scheme Been Successful?
The government’s micro loan scheme, going by the moniker Pradhan Mantri Mudra Yojana, has disbursed Rs1.53 trillion worth of loans so far in 2016-17, which represents a 15.04% growth from the previous fiscal year. Recall that in fiscal year 2016 (FY16), when the scheme was first implemented, disbursements had exceeded the target specified by that year’s budget.
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- Uncategorized
- Region
- South Asia
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Indian Entrepreneurs Compete in the Inclusion Plus Final Round
Artoo, Badhti Bachat of Janalakshmi, Shram Sarathi, Suvidhaa Nanocredit and Swadhaar Saathi have been selected as finalists in the third wave of Inclusion Plus, a global competition, managed by Verb, Inc., for entrepreneurs to accelerate financial inclusion.
- Categories
- Uncategorized
- Region
- South Asia
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