Ramesh S Arunachalam
Can a study sponsored by MFIN, the association of for-profit NBFC MFIs and conducted by NCAER to enquire into the operation of MFIN’s own member-NBFC MFIs—on aspects such as multiple lending, over-indebtedness and coercive repayment—address various issues in a fair manner?
Yesterday (12th October), Moneylife had written on how the Union Minister for Rural Development, Jairam Ramesh had said that MFIs (microfinance institutions) are not any sort of panacea and how the findings of a NCAER (National Council for Applied Economic Research) study does not provide a robust defense of MFIs (See: Microfinance institutions not the answer for poverty alleviation, says Jairam Ramesh ).
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Can a study sponsored by MFIN, the association of for-profit NBFC MFIs and conducted by NCAER to enquire into the operation of MFIN’s own member-NBFC MFIs—on aspects such as multiple lending, over-indebtedness and coercive repayment—address various issues in a fair manner?
Yesterday (12th October), Moneylife had written on how the Union Minister for Rural Development, Jairam Ramesh had said that MFIs (microfinance institutions) are not any sort of panacea and how the findings of a NCAER (National Council for Applied Economic Research) study does not provide a robust defense of MFIs (See: Microfinance institutions not the answer for poverty alleviation, says Jairam Ramesh ).
Click Here To READ More
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