User: leigh Topic: Micro Credit
Category: MFIs
Last updated: Jan 20 2018 24:43 IST RSS 2.0
 
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VFSL plans to raise funds from a PE firm 19.1.2018 HBL: Home
Kolkata-based NBFC-MFI, Village Financial Services (VFSL), is looking to dilute promoter’s stake to the extent of 10 per cent to raise funds from a domestic private equity (PE) firm.The microfinance i...
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Mangalajodi Ecotourism Trust wins prestigious UNWTO Award 19.1.2018 General News
Mangalajodi Ecotourism Trust, a community owned and managed venture promoted by RBS Foundation India and Indian Grameen Services on the banks of Chilika Lake in Odisha, has won the prestigious United Nations World Tourism Organisation Awards. The trust was honoured with the coveted award for "Innovation in Tourism Enterprise" at the 14th UNWTO Awards ceremony held in Madrid, Spain on Wednesday, RBS Foundation India said in a release. The villagers of Mangalajodi, once associated with poaching of birds, stand as true defenders of wildlife in the region today. The change was orchestrated by a coordinated effort in implementing an awareness campaign on the importance of preserving natural species and the benefits associated with wildlife tourism, the release said. Owing to unsustainable levels of poaching, in 2000 the arrival of migratory birds in Mangalajodi, 75 km from here had dropped to 5000 and now the number has soared to over three lakh in the region, it said. Other
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Demonetisation-induced pain almost gone for microfinance sector: experts 18.1.2018 BusinessLine - Economy
Expect the industry to recover fully in next six months
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Microfinance industry to recover from note ban blow in 6 months 18.1.2018 General News
The microfinance industry, which was affected adversely after demonetisation, will take another six months to fully recover from the blow, industry experts said on Thursday.
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Micro-finance sector finally recovering from demonetisation shock: Industry 18.1.2018 Latest News
MD of Ujjivan SFB, Samit Ghosh said that demonetisation had adversely affected the microfinance sector
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‘Six more months needed to recover from demonetisation’ 18.1.2018 HBL: Industry & Economy
It will take another six months for the micro-finance industry (MFI) to completely recover from the effect of demonetisation, which saw collection rates falling substantially resulting in the rise o...
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Being Dalit, and a woman 17.1.2018 FrontLine: Jayati Ghosh
To deal with the political and economic marginalisation of Dalit women, it is necessary to recognise the significant differences among them not only according to socio-economic context, degree of education and occupation but also by subcaste.
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Life insurers upbeat on micro-markets despite rise in fraudulent claims 16.1.2018 HBL: Home
Banking on Aadhaar-based eKYC, likely adoption of open architecture model by more banks to address the problem
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Merger of Capital First should be through by October, says IDFC Bank MD 16.1.2018 HBL: Home
The merger will give us the runway to build a first-rate bank: Rajiv Lall
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Review: A World of Three Zeroes by Muhammad Yunus 12.1.2018 Hindustan Times - books
In his optimistic A World of Three Zeroes, Nobel prize winner, Muhammad Yunus presents a case for reinventing mainstream economics to create a world with zero unemployment, zero poverty and zero net carbon emissions
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MUDRA loans disbursed to over 50 lakh persons in 2 yrs in Maha 12.1.2018 General News
Over 50 lakh persons have received loans under the MUDRA scheme in the last two years, Maharashtra Finance Minister Sudhir Mungantiwar said. He informed that in 2016- 17, Rs 16.9 thousand crore worth of loans were distributed and in 2017-18 so far, this figure stood at Rs 8.8 thousand crore. The minister said that loans were given to 33.44 lakh persons in 2016-17 while in 2017-18, it was given to 16.93 lakh people. He said that the scheme, which aims to provide loans to micro enterprises, will be implemented on a mission mode in the days to come. "The Prime Minister started the MUDRA (Micro Units Development and Refinance Agency) scheme to remove financial disparity in the country and it is being implemented efficiently in Maharashtra. Under MUDRA, 50,38,000 persons have been given loans in the past two years," Mungantiwar said while addressing a meeting of the state level coordination committee for MUDRA bank scheme here yesterday. Mungantiwar informed that in last two .
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Does microfinance really alleviate poverty? The 34-billion-dollar question 12.1.2018 Sify Finance
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Budget 2018: What Pranab, Chidambaram & Jaitley did & didn't do in the past 12.1.2018 All Budget Stories
Here are the key highlights of the Union Budgets from 1997 to 2017
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Rs 25 lakh demanded for release of kidnapped school teacher in Bihar 11.1.2018 All News-IANS Stories
A ransom of Rs 25 lakh has been demanded for the release of a school teacher kidnapped in Madhubani district of Bihar, police said on Thursday.
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Stampede during army recruitment drive in Bihar; 1 dead, 4 10.1.2018 General News
A stampede broke out during an army recruitment drive at Dehri-on-Sone in Bihar's Rohtas district in the early hours today, killing an aspirant and injuring four others, police said. The incident took place around 3 AM when thousands of aspirants, impatient as they waited outside in the cold, tried to gatecrash the BMP (Bihar Military Police) ground through the police lines to take the physical test for the job of a jawan, Rohtas Superintendent of Police M S Dhillon said. The deceased has been identified as Mukesh Kumar, who hailed from Gaya district, the SP said. Kumar was among the five people who were injured in the stampede, Dhillon said, adding, he was rushed to a hospital where he was declared brought dead. The four other injured -- Vimlesh Kumar, Devbrat Kumar Shyamnandan Kumar Verma and Dharmendra Kumar -- were receiving treatment at the Sadar Hospital in Sasaram, the SP said adding, their condition is stated to be out of danger. The situation was brought under ...
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APGVB plans 76 Aadhaar centres 9.1.2018 Hindu: Hyderabad
Andhra Pradesh Grameena Vikas Bank (APGVB) plans to set up 50 Aadhaar enrolment centres in Telangana and 26 in Andhra Pradesh to enable those not having Aadhaar card to enrol for it. The public can al...
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HUA Ministry, Allahabad Bank ink MoU for web portal to process 9.1.2018 General News
The Housing and Urban Affairs Ministry today inked an MoU with Allahabad Bank for setting up an online portal for processing interest subsidy to be paid to people who availed loans under the Centre's DAY-NULM scheme. The move is aimed at faster payment of subsidy to the people and enhanced monitoring system with availability of a mechanism to ascertain whether the subsidy has reached the beneficiary or not, an official release said. Under the Self-Employment Programme (SEP) component of Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM), loans up to Rs 2 lakh is available to individuals in urban areas for setting up micro-enterprise. The loan limit is 10 lakh for a group. Besides, loans are also available for self-help groups (SHGs) under the scheme. Interest subvention from the ministry is available for the amount of interest charged over and above 7 per cent, by the banks, and women SHGs are eligible for additional three per cent subvention on ...
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Budget 2018: Employment generation must figure high on Narendra Modi govt's agenda 9.1.2018 Latest News India on Firstpost
When both endogenous and exogenous factors conspire to prevent industrial and employment revival, the only course left for the Modi government to announce a big bang reform that can take off without much resistance if the BJP ruled states show the way
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Ola, ICICI Bank to introduce new range of integrated offerings 9.1.2018 HBL: Home
Customers will get micro-credits; 'Pay Direct’ card will help driver partners manage their finances in a better way
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Mehbooba launches welfare scheme for workers in unorganised 8.1.2018 General News
The Jammu and Kashmir government today launched a major welfare initiative for workers in the unorganised sector to provide them institutionalised socio- economic security. The scheme, named "Muhafiz" (Guardian), was launched by Chief Minister Mehbooba Mufti. Under the scheme, around three lakh workers registered with the Jammu and Kashmir Building and Other Construction Workers' Welfare Board (JKBOCWWB) would be covered under accidental, life and disability insurance. "Government is committed to the welfare of marginalised sections of society, particularly labour class who have seen enough exploitation in the past," Mufti said. The chief minister said, "Compensation in case of deaths, accidents or injuries has to be there. But efforts should be made to make their life better besides focusing on the education and upbringing of their wards." Mufti announced the enhancement of monthly scholarship for the children of these workers to Rs 1500, which was earlier Rs 1200. She .
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