Microfinance: rewind and play
Description
It's time for a mature private sector to fill the increasing gaps that the welfarist state will leave. In 1995, Vijay Mahajan was knocking on the doors of several public financial institutions with a ? 100 crore investment proposal to set up a bank that would focus on people not covered by formal banking channels. His proposal was aimed at creating livelihood and employment opportunities for the poor. He offered to put his savings of about ? 8 lakh in the venture, but expected financial institutions to help create an entity like ICICI, Housing Development Finance Corp. Ltd and Gruh Finance Ltd, owned widely and run by professionals. Read more at: https://www.livemint.com/Home-Page/VXBBj2g22OhvZpiNygZeYI/Microfinance-rewind-and-play.html
Copyright Date
November 2012
Publication Date
26-11-2012
Publication Title
LiveMint
Publisher
HT Media
Keywords
Financial management, Microfinance, Microfinance law, Banking, Financial sector, Microfinance bill
Source Link URL
https://www.livemint.com/Home-Page/VXBBj2g22OhvZpiNygZeYI/Microfinance-rewind-and-play.html
