tag:blogger.com,1999:blog-7182576430045656062.post3963700348278806791..comments2024-02-25T13:47:07.003+05:30Comments on Candid Unheard Voice of Indian Microfinance: Down The Memory Lane: Why Did The Krishna District Micro-Finance Crisis Occur in 2005/6?Ramesh S Arunachalamhttp://www.blogger.com/profile/09264606020720529040noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7182576430045656062.post-36937711610764479852010-12-23T14:58:36.469+05:302010-12-23T14:58:36.469+05:30The article has captured the all the salient point...The article has captured the all the salient points that has led to the the crisis.Media has hyped the crisis with out the backing of the facts ,rigid stand of the goverment to push up the numbers of sponsored SHGs subsidied a political stunt and the undue haste on the part of MFIs to push the nos have contributed to the cisis that was to happen .<br />Though MC was touted as a means of income generation that rarely happens neither by the votaries of SHGs nor the MFIs have not added any value to the products offered .Loan through banks to SHGs or MFIs has substituted money lenders for provising consumption credit at a rate less than the money lenders charge .<br />Lessons from IRDP have been forgotten .Anonymousnoreply@blogger.com