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In Andhra Pradesh, moneylenders rush to fill vacuum created by MFIs
The Andhra Pradesh crackdown on microfinance companies has driven an increasing number of poor borrowers in the State back into the arms of local moneylenders, a recent survey shows.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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Institute for sustainable enterprise takes off
An innovative concept to promote green technology and support entrepreneurs to build a sustainable business on this much needed space has taken shape in Bangalore. Indian Institute for Sustainable Enterprise (IISE), promoted by some well known global and Indian personalities has kicked off its operations and is set to launch its post-graduate certificate programme in sustainable enterprise shortly.
- Categories
- Environment, Technology
- Region
- South Asia
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Is a Youth Revolution Brewing in India?
Among the world’s major countries, India has the youngest population, and the oldest leaders. A startling four-decade gap between the median age of India’s people and that of its government officials most recently reared its head with a heavy-handed and widely-maligned crackdown on free speech on the Internet.
- Region
- South Asia
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TISS to fund, mentor entrepreneurship students
The social entrepreneurship students of the Tata Institute of Social Sciences (TISS), keen on starting their venture at a time when the economy is volatile, now have a back-up.The institute has introduced a scheme this year to fund and mentor students pursuing masters in social entrepreneurship for three years.
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- Uncategorized
- Region
- South Asia
- Tags
- impact investing
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Start-ups like InVenture flourish with technology services for micro finance firms
BANGALORE: A new wave of start-up companies is building technology enabled services aimed at bridging the communication gap between borrowers and lenders in the embattled microfinance industry.
- Categories
- Technology
- Region
- South Asia
- Tags
- microfinance
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It is important to make money in business, but not at the cost of ethics and values: Sam Pitroda
Sam Pitroda, who led the telecom revolution in India, says the second phase will see a slew of opportunities for startups in areas such as broadband, mobile applications and local content. Pitroda, an advisor to the Prime Minister on public information infrastructure and innovation, is helping the government launch a $1-billion fund to invest in bottom-of-the-pyramid innovations. In conversation with ET he retraces a journey that has seen him survive cancer and bypass surgeries. Excerpts:
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- Uncategorized
- Region
- South Asia
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India’s microfinance industry gets some relief
It’s a period in history that India’s microfinance industry would probably rather forget: In late 2010, more than 200 poor residents of the Andhra Pradesh state committed suicide allegedly due to excessive pressure from microcreditors for debt repayments. Backlash against microfinance institutions not just in the state but the whole of India followed.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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Future Group to pitch Mother Earth chain against retailer Fab India
MUMBAI: Future Group, the country's largest retailer, will pitch its Mother Earth chain directly against ethnic products retailer Fabindia by expanding rapidly and borrowing its rival's social enterprise-style business model.
- Categories
- Uncategorized
- Region
- South Asia
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