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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fe06c9b6870-trace').style.display = (document.getElementById('cakeErr67fe06c9b6870-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67fe06c9b6870-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fe06c9b6870-code').style.display = (document.getElementById('cakeErr67fe06c9b6870-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fe06c9b6870-context').style.display = (document.getElementById('cakeErr67fe06c9b6870-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67fe06c9b6870-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
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-The Hindu<br />
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The ongoing repercussions of the government&rsquo;s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.<br />
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&ldquo;It&rsquo;s been a pretty tough time (post demonetisation),&rdquo; H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. &ldquo;The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab&hellip; in both rural and urban areas. People say there are no lines in Mumbai or in the south, but if you go to U.P., people are still only getting Rs. 500 per week.&rdquo;<br />
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&ldquo;If you go to Agra, then they are in the business of shoe uppers or shoe lowers,&rdquo; Mr. Singh said. &ldquo;Vendors have not been able to pay because there is no cash. You go to Bareilly and the zari workers have no work because there is no cash, and everything over there runs on cash. You go down to Firozabad, which is known for bangle-making, and there is no work there.&rdquo;<br />
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Please <a href="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true">click here</a> to read more. <br />
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The ongoing repercussions of the government&rsquo;s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.
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The ongoing repercussions of the government&rsquo;s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.<br />
<br />
&ldquo;It&rsquo;s been a pretty tough time (post demonetisation),&rdquo; H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. &ldquo;The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab&hellip; in both rural and urban areas. People say there are no lines in Mumbai or in the south, but if you go to U.P., people are still only getting Rs. 500 per week.&rdquo;<br />
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<br />
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<br />
&ldquo;If you go to Agra, then they are in the business of shoe uppers or shoe lowers,&rdquo; Mr. Singh said. &ldquo;Vendors have not been able to pay because there is no cash. You go to Bareilly and the zari workers have no work because there is no cash, and everything over there runs on cash. You go down to Firozabad, which is known for bangle-making, and there is no work there.&rdquo;<br />
<br />
Please <a href="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true">click here</a> to read more. <br />
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-The Hindu
The ongoing repercussions of the government&rsquo;s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.
&ldquo;It&rsquo;s been a pretty tough time (post demonetisation),&rdquo; H.P....'
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Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
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Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/039have-money-can039t-lend039-tca-sharad-raghavan-4681015.html"/>
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-The Hindu
The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.
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<strong>'Have money, can't lend!' -TCA Sharad Raghavan</strong></h1>
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<div align="justify">-The Hindu<br /><br />The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.<br /><br />“It’s been a pretty tough time (post demonetisation),” H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. “The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab… in both rural and urban areas. People say there are no lines in Mumbai or in the south, but if you go to U.P., people are still only getting Rs. 500 per week.”<br /><br />“The problem is all across,” Mr. Singh added. “That has taken a toll on our collection efficiency. It used to be 99.8%. Women as a gender usually don’t default, and our instalments are very small. Now, we are closer to 80-85% collection efficiency.”<br /><br />The reason for this is that cash-intensive industries across the north of India are now struggling to remain afloat.<br /><br />“If you go to Agra, then they are in the business of shoe uppers or shoe lowers,” Mr. Singh said. “Vendors have not been able to pay because there is no cash. You go to Bareilly and the zari workers have no work because there is no cash, and everything over there runs on cash. You go down to Firozabad, which is known for bangle-making, and there is no work there.”<br /><br />Please <a href="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true" title="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true">click here</a> to read more. <br /><br /></div> </font>
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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fe06c9b6870-trace').style.display = (document.getElementById('cakeErr67fe06c9b6870-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67fe06c9b6870-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fe06c9b6870-code').style.display = (document.getElementById('cakeErr67fe06c9b6870-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fe06c9b6870-context').style.display = (document.getElementById('cakeErr67fe06c9b6870-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67fe06c9b6870-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
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-The Hindu<br />
<br />
The ongoing repercussions of the government&rsquo;s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.<br />
<br />
&ldquo;It&rsquo;s been a pretty tough time (post demonetisation),&rdquo; H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. &ldquo;The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab&hellip; in both rural and urban areas. People say there are no lines in Mumbai or in the south, but if you go to U.P., people are still only getting Rs. 500 per week.&rdquo;<br />
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&ldquo;The problem is all across,&rdquo; Mr. Singh added. &ldquo;That has taken a toll on our collection efficiency. It used to be 99.8%. Women as a gender usually don&rsquo;t default, and our instalments are very small. Now, we are closer to 80-85% collection efficiency.&rdquo;<br />
<br />
The reason for this is that cash-intensive industries across the north of India are now struggling to remain afloat.<br />
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&ldquo;If you go to Agra, then they are in the business of shoe uppers or shoe lowers,&rdquo; Mr. Singh said. &ldquo;Vendors have not been able to pay because there is no cash. You go to Bareilly and the zari workers have no work because there is no cash, and everything over there runs on cash. You go down to Firozabad, which is known for bangle-making, and there is no work there.&rdquo;<br />
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Please <a href="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true">click here</a> to read more. <br />
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The ongoing repercussions of the government&rsquo;s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.
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The ongoing repercussions of the government&rsquo;s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.<br />
<br />
&ldquo;It&rsquo;s been a pretty tough time (post demonetisation),&rdquo; H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. &ldquo;The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab&hellip; in both rural and urban areas. People say there are no lines in Mumbai or in the south, but if you go to U.P., people are still only getting Rs. 500 per week.&rdquo;<br />
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&ldquo;The problem is all across,&rdquo; Mr. Singh added. &ldquo;That has taken a toll on our collection efficiency. It used to be 99.8%. Women as a gender usually don&rsquo;t default, and our instalments are very small. Now, we are closer to 80-85% collection efficiency.&rdquo;<br />
<br />
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<br />
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<br />
Please <a href="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true">click here</a> to read more. <br />
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The ongoing repercussions of the government&rsquo;s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.
&ldquo;It&rsquo;s been a pretty tough time (post demonetisation),&rdquo; H.P....'
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Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/039have-money-can039t-lend039-tca-sharad-raghavan-4681015.html"/>
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-The Hindu
The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.
“It’s been a pretty tough time (post demonetisation),” H.P...."/>
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<strong>'Have money, can't lend!' -TCA Sharad Raghavan</strong></h1>
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<div align="justify">-The Hindu<br /><br />The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.<br /><br />“It’s been a pretty tough time (post demonetisation),” H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. “The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab… in both rural and urban areas. People say there are no lines in Mumbai or in the south, but if you go to U.P., people are still only getting Rs. 500 per week.”<br /><br />“The problem is all across,” Mr. Singh added. “That has taken a toll on our collection efficiency. It used to be 99.8%. Women as a gender usually don’t default, and our instalments are very small. Now, we are closer to 80-85% collection efficiency.”<br /><br />The reason for this is that cash-intensive industries across the north of India are now struggling to remain afloat.<br /><br />“If you go to Agra, then they are in the business of shoe uppers or shoe lowers,” Mr. Singh said. “Vendors have not been able to pay because there is no cash. You go to Bareilly and the zari workers have no work because there is no cash, and everything over there runs on cash. You go down to Firozabad, which is known for bangle-making, and there is no work there.”<br /><br />Please <a href="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true" title="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true">click here</a> to read more. <br /><br /></div> </font>
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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fe06c9b6870-trace').style.display = (document.getElementById('cakeErr67fe06c9b6870-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67fe06c9b6870-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fe06c9b6870-code').style.display = (document.getElementById('cakeErr67fe06c9b6870-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fe06c9b6870-context').style.display = (document.getElementById('cakeErr67fe06c9b6870-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67fe06c9b6870-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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-The Hindu<br />
<br />
The ongoing repercussions of the government&rsquo;s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.<br />
<br />
&ldquo;It&rsquo;s been a pretty tough time (post demonetisation),&rdquo; H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. &ldquo;The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab&hellip; in both rural and urban areas. People say there are no lines in Mumbai or in the south, but if you go to U.P., people are still only getting Rs. 500 per week.&rdquo;<br />
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&ldquo;The problem is all across,&rdquo; Mr. Singh added. &ldquo;That has taken a toll on our collection efficiency. It used to be 99.8%. Women as a gender usually don&rsquo;t default, and our instalments are very small. Now, we are closer to 80-85% collection efficiency.&rdquo;<br />
<br />
The reason for this is that cash-intensive industries across the north of India are now struggling to remain afloat.<br />
<br />
&ldquo;If you go to Agra, then they are in the business of shoe uppers or shoe lowers,&rdquo; Mr. Singh said. &ldquo;Vendors have not been able to pay because there is no cash. You go to Bareilly and the zari workers have no work because there is no cash, and everything over there runs on cash. You go down to Firozabad, which is known for bangle-making, and there is no work there.&rdquo;<br />
<br />
Please <a href="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true">click here</a> to read more. <br />
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The ongoing repercussions of the government&rsquo;s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.<br />
<br />
&ldquo;It&rsquo;s been a pretty tough time (post demonetisation),&rdquo; H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. &ldquo;The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab&hellip; in both rural and urban areas. People say there are no lines in Mumbai or in the south, but if you go to U.P., people are still only getting Rs. 500 per week.&rdquo;<br />
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<br />
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<br />
&ldquo;If you go to Agra, then they are in the business of shoe uppers or shoe lowers,&rdquo; Mr. Singh said. &ldquo;Vendors have not been able to pay because there is no cash. You go to Bareilly and the zari workers have no work because there is no cash, and everything over there runs on cash. You go down to Firozabad, which is known for bangle-making, and there is no work there.&rdquo;<br />
<br />
Please <a href="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true">click here</a> to read more. <br />
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The ongoing repercussions of the government&rsquo;s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.
&ldquo;It&rsquo;s been a pretty tough time (post demonetisation),&rdquo; H.P....'
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-The Hindu
The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.
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<strong>'Have money, can't lend!' -TCA Sharad Raghavan</strong></h1>
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<div align="justify">-The Hindu<br /><br />The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.<br /><br />“It’s been a pretty tough time (post demonetisation),” H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. “The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab… in both rural and urban areas. People say there are no lines in Mumbai or in the south, but if you go to U.P., people are still only getting Rs. 500 per week.”<br /><br />“The problem is all across,” Mr. Singh added. “That has taken a toll on our collection efficiency. It used to be 99.8%. Women as a gender usually don’t default, and our instalments are very small. Now, we are closer to 80-85% collection efficiency.”<br /><br />The reason for this is that cash-intensive industries across the north of India are now struggling to remain afloat.<br /><br />“If you go to Agra, then they are in the business of shoe uppers or shoe lowers,” Mr. Singh said. “Vendors have not been able to pay because there is no cash. You go to Bareilly and the zari workers have no work because there is no cash, and everything over there runs on cash. You go down to Firozabad, which is known for bangle-making, and there is no work there.”<br /><br />Please <a href="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true" title="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true">click here</a> to read more. <br /><br /></div> </font>
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-The Hindu<br />
<br />
The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.<br />
<br />
“It’s been a pretty tough time (post demonetisation),” H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. “The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab… in both rural and urban areas. People say there are no lines in Mumbai or in the south, but if you go to U.P., people are still only getting Rs. 500 per week.”<br />
<br />
“The problem is all across,” Mr. Singh added. “That has taken a toll on our collection efficiency. It used to be 99.8%. Women as a gender usually don’t default, and our instalments are very small. Now, we are closer to 80-85% collection efficiency.”<br />
<br />
The reason for this is that cash-intensive industries across the north of India are now struggling to remain afloat.<br />
<br />
“If you go to Agra, then they are in the business of shoe uppers or shoe lowers,” Mr. Singh said. “Vendors have not been able to pay because there is no cash. You go to Bareilly and the zari workers have no work because there is no cash, and everything over there runs on cash. You go down to Firozabad, which is known for bangle-making, and there is no work there.”<br />
<br />
Please <a href="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true">click here</a> to read more. <br />
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'metaKeywords' => 'Demonetisation,Currency demonetisation,Cash shortage,cash deficit',
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-The Hindu
The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.
“It’s been a pretty tough time (post demonetisation),” H.P....',
'disp' => '<div align="justify">-The Hindu<br /><br />The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.<br /><br />“It’s been a pretty tough time (post demonetisation),” H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. “The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab… in both rural and urban areas. People say there are no lines in Mumbai or in the south, but if you go to U.P., people are still only getting Rs. 500 per week.”<br /><br />“The problem is all across,” Mr. Singh added. “That has taken a toll on our collection efficiency. It used to be 99.8%. Women as a gender usually don’t default, and our instalments are very small. Now, we are closer to 80-85% collection efficiency.”<br /><br />The reason for this is that cash-intensive industries across the north of India are now struggling to remain afloat.<br /><br />“If you go to Agra, then they are in the business of shoe uppers or shoe lowers,” Mr. Singh said. “Vendors have not been able to pay because there is no cash. You go to Bareilly and the zari workers have no work because there is no cash, and everything over there runs on cash. You go down to Firozabad, which is known for bangle-making, and there is no work there.”<br /><br />Please <a href="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true" title="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true">click here</a> to read more. <br /><br /></div>',
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'title' => ''Have money, can't lend!' -TCA Sharad Raghavan',
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-The Hindu<br />
<br />
The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.<br />
<br />
“It’s been a pretty tough time (post demonetisation),” H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. “The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab… in both rural and urban areas. People say there are no lines in Mumbai or in the south, but if you go to U.P., people are still only getting Rs. 500 per week.”<br />
<br />
“The problem is all across,” Mr. Singh added. “That has taken a toll on our collection efficiency. It used to be 99.8%. Women as a gender usually don’t default, and our instalments are very small. Now, we are closer to 80-85% collection efficiency.”<br />
<br />
The reason for this is that cash-intensive industries across the north of India are now struggling to remain afloat.<br />
<br />
“If you go to Agra, then they are in the business of shoe uppers or shoe lowers,” Mr. Singh said. “Vendors have not been able to pay because there is no cash. You go to Bareilly and the zari workers have no work because there is no cash, and everything over there runs on cash. You go down to Firozabad, which is known for bangle-making, and there is no work there.”<br />
<br />
Please <a href="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true">click here</a> to read more. <br />
<br />
</div>',
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-The Hindu
The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.
“It’s been a pretty tough time (post demonetisation),” H.P....'
$disp = '<div align="justify">-The Hindu<br /><br />The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.<br /><br />“It’s been a pretty tough time (post demonetisation),” H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. “The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab… in both rural and urban areas. People say there are no lines in Mumbai or in the south, but if you go to U.P., people are still only getting Rs. 500 per week.”<br /><br />“The problem is all across,” Mr. Singh added. “That has taken a toll on our collection efficiency. It used to be 99.8%. Women as a gender usually don’t default, and our instalments are very small. Now, we are closer to 80-85% collection efficiency.”<br /><br />The reason for this is that cash-intensive industries across the north of India are now struggling to remain afloat.<br /><br />“If you go to Agra, then they are in the business of shoe uppers or shoe lowers,” Mr. Singh said. “Vendors have not been able to pay because there is no cash. You go to Bareilly and the zari workers have no work because there is no cash, and everything over there runs on cash. You go down to Firozabad, which is known for bangle-making, and there is no work there.”<br /><br />Please <a href="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true" title="http://www.thehindu.com/business/%E2%80%98Have-money-can%E2%80%99t-lend%E2%80%99/article17041355.ece?homepage=true">click here</a> to read more. <br /><br /></div>'
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The ongoing repercussions of the government’s decision to demonetise high-value currency notes are being felt in particular by cash-intensive sectors such as the microfinance industry, according to microfinance company Satin Creditcare.
“It’s been a pretty tough time (post demonetisation),” H.P. Singh, chairman and managing director of Satin Creditcare, said in an interview. “The cash supply position has been very bad in the northern states of Uttar Pradesh, Punjab… in both rural and urban areas. People say there are no lines in Mumbai or in the south, but if you go to U.P., people are still only getting Rs. 500 per week.”
“The problem is all across,” Mr. Singh added. “That has taken a toll on our collection efficiency. It used to be 99.8%. Women as a gender usually don’t default, and our instalments are very small. Now, we are closer to 80-85% collection efficiency.”
The reason for this is that cash-intensive industries across the north of India are now struggling to remain afloat.
“If you go to Agra, then they are in the business of shoe uppers or shoe lowers,” Mr. Singh said. “Vendors have not been able to pay because there is no cash. You go to Bareilly and the zari workers have no work because there is no cash, and everything over there runs on cash. You go down to Firozabad, which is known for bangle-making, and there is no work there.”
