Mi­cro-Lend­ing Back in Vogue

The Economic Times - - Front Page -

Lo­cal in­vestors were hardly in­ter­ested in the busi­ness of mi­cro-lend­ing in the last decade. But that is chang­ing. The sec­tor that makes credit ac­ces­si­ble to the poor with­out col­lat­eral has started be­com­ing more rel­e­vant to lo­cal cor­po­ra­tions and in­sti­tu­tional in­vestors, such as banks, af­ter RBI awarded eight out of 10 small fi­nance bank li­cences to mi­cro­fi­nance com­pa­nies, val­i­dat­ing their ca­pa­bil­ity to de­liver on the field, says At­madip Ray. MONEY & BANK­ING

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.