Is greed killing microfinance?
Vijay Mahajan of Basix talks about SKS, the Andhra ordinance and the future of microfinance
Civil Society, November 2010
The single most important reason why the sector gets beaten up is with relation to interest rates. Now if you want to give someone any commodity in small lots, then the transaction cost as a percentage of the price is always high. This is equally true of credit as it is of tea or surf or anything. So, to say that the interest rates charged by MFIs are high is not coming to terms with the math. The sooner one comes to terms with the math, the better. After that the world can decide if the microfinance sector is useful or not.
The danger of Grameenism by Patrick Bond, Himal South Asian, 01 October, 2010
NABARD fund to help farmers access appropriate technologie by , Hindu, 18 March, 2009
Economic Times, 23 July 2010.
More-than-half of Vidarbha's 35-lakh farmers own more than two hectares and, therefore, according to the government scheme, can only obtain a loan waiver of 25% of their outstanding loan instead of a total write-off. Now, the state government wants to recover the remaining 75% of the loans that have not been paid back until now.necessary orders to take over the properties of farmers have been issued and the powers to take possession of defaulters' land have been vested with the respective district deputy registrars.
Rs 235 crore loss to govt in Ragi scam by Shivakumar Kanasogi, The Deccan Herald, 09 March, 2009