A number of short-term issues need to be tackled expeditiously for resolving the Indian microfinance crisis

Ramesh S Arunachalam

The time to act decisively has come now. The RBI, Ministry of Finance, the Andhra Pradesh government, MFIs and other stakeholders must get into mission mode and set a number of checks and balances in place to overcome the huge unfolding crisis which is likely to completely distort or destroy the low income rural economy

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