Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
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Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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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
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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                            <div style="text-align: justify"><br /></div><div style="text-align: justify">The Bill to regulate Microfinance Institutions tabled in the Andhra Pradesh assembly on Friday has upset the Microfinance institutions (MFI) network, who say their concerns have not been addressed and that may force them to shut operations in the state.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">&quot;Repayment has fallen drastically and so we are not in a position to continue operations in Andhra Pradesh unless the situation is remedied,&quot; said Vijay Mahajan, President, Micro Finance Institutions Network.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">The MFIs say the new norms for registration, loan disbursal and collections make it very difficult for them to operate. They point out that in the last six weeks since the Ordinance was promulgated, they have not been able to disburse 12 lakh loans, worth Rs. 1200 crore. And collections have fallen to 20 per cent, so repayment of up to 7400 crore rupees to banks who funded microfinance operations in Andhra Pradesh could be potentially jeopardised.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">The political mood in Andhra Pradesh is not in favour of incorporating any of the modifications sought by the microfinance institutions. Top government officials say the ground situation is in fact worse than what they had thought when the Ordinance was promulgated in mid-October. So they feel the provisions for regulation are all necessary and it is up to the MFIs need to work out a sustainable business model.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">What could worry the MFIs is that other states could also look to emulate the example of Andhra Pradesh.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">&quot;All Financial institutions specially MFIs should be careful in selling their products to the vulnerable sections of society. Financial inclusion should not be mis-lending or mis-selling,&quot; said Finance Minister Pranab Mukherjee.&nbsp;</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://www.ndtv.com/article/india/microfinance-institutions-to-shut-shop-71929" class="re" target="_blank">NDTV, 11 December, 2010, http://www.ndtv.com/article/india/microfinance-institutions-to-shut-shop-71929</a><div class="clear"></div>
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    <h1 class="cat-box-title">Microfinance institutions to shut shop?</h1>
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                            <div style="text-align: justify"><br /></div><div style="text-align: justify">The Bill to regulate Microfinance Institutions tabled in the Andhra Pradesh assembly on Friday has upset the Microfinance institutions (MFI) network, who say their concerns have not been addressed and that may force them to shut operations in the state.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">&quot;Repayment has fallen drastically and so we are not in a position to continue operations in Andhra Pradesh unless the situation is remedied,&quot; said Vijay Mahajan, President, Micro Finance Institutions Network.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">The MFIs say the new norms for registration, loan disbursal and collections make it very difficult for them to operate. They point out that in the last six weeks since the Ordinance was promulgated, they have not been able to disburse 12 lakh loans, worth Rs. 1200 crore. And collections have fallen to 20 per cent, so repayment of up to 7400 crore rupees to banks who funded microfinance operations in Andhra Pradesh could be potentially jeopardised.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">The political mood in Andhra Pradesh is not in favour of incorporating any of the modifications sought by the microfinance institutions. Top government officials say the ground situation is in fact worse than what they had thought when the Ordinance was promulgated in mid-October. So they feel the provisions for regulation are all necessary and it is up to the MFIs need to work out a sustainable business model.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">What could worry the MFIs is that other states could also look to emulate the example of Andhra Pradesh.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">&quot;All Financial institutions specially MFIs should be careful in selling their products to the vulnerable sections of society. Financial inclusion should not be mis-lending or mis-selling,&quot; said Finance Minister Pranab Mukherjee.&nbsp;</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://www.ndtv.com/article/india/microfinance-institutions-to-shut-shop-71929" class="re" target="_blank">NDTV, 11 December, 2010, http://www.ndtv.com/article/india/microfinance-institutions-to-shut-shop-71929</a><div class="clear"></div>
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    <h1 class="cat-box-title">Microfinance institutions to shut shop?</h1>
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                            <div style="text-align: justify"><br /></div><div style="text-align: justify">The Bill to regulate Microfinance Institutions tabled in the Andhra Pradesh assembly on Friday has upset the Microfinance institutions (MFI) network, who say their concerns have not been addressed and that may force them to shut operations in the state.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">&quot;Repayment has fallen drastically and so we are not in a position to continue operations in Andhra Pradesh unless the situation is remedied,&quot; said Vijay Mahajan, President, Micro Finance Institutions Network.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">The MFIs say the new norms for registration, loan disbursal and collections make it very difficult for them to operate. They point out that in the last six weeks since the Ordinance was promulgated, they have not been able to disburse 12 lakh loans, worth Rs. 1200 crore. And collections have fallen to 20 per cent, so repayment of up to 7400 crore rupees to banks who funded microfinance operations in Andhra Pradesh could be potentially jeopardised.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">The political mood in Andhra Pradesh is not in favour of incorporating any of the modifications sought by the microfinance institutions. Top government officials say the ground situation is in fact worse than what they had thought when the Ordinance was promulgated in mid-October. So they feel the provisions for regulation are all necessary and it is up to the MFIs need to work out a sustainable business model.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">What could worry the MFIs is that other states could also look to emulate the example of Andhra Pradesh.</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">&quot;All Financial institutions specially MFIs should be careful in selling their products to the vulnerable sections of society. Financial inclusion should not be mis-lending or mis-selling,&quot; said Finance Minister Pranab Mukherjee.&nbsp;</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://www.ndtv.com/article/india/microfinance-institutions-to-shut-shop-71929" class="re" target="_blank">NDTV, 11 December, 2010, http://www.ndtv.com/article/india/microfinance-institutions-to-shut-shop-71929</a><div class="clear"></div>
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Home हिन्दी

Microfinance institutions to shut shop?

Published on Dec 11, 2010   Modified on Dec 11, 2010

The Bill to regulate Microfinance Institutions tabled in the Andhra Pradesh assembly on Friday has upset the Microfinance institutions (MFI) network, who say their concerns have not been addressed and that may force them to shut operations in the state.   "Repayment has fallen drastically and so we are not in a position to continue operations in Andhra Pradesh unless the situation is remedied," said Vijay Mahajan, President, Micro Finance Institutions Network.   The MFIs say the new norms for registration, loan disbursal and collections make it very difficult for them to operate. They point out that in the last six weeks since the Ordinance was promulgated, they have not been able to disburse 12 lakh loans, worth Rs. 1200 crore. And collections have fallen to 20 per cent, so repayment of up to 7400 crore rupees to banks who funded microfinance operations in Andhra Pradesh could be potentially jeopardised.   The political mood in Andhra Pradesh is not in favour of incorporating any of the modifications sought by the microfinance institutions. Top government officials say the ground situation is in fact worse than what they had thought when the Ordinance was promulgated in mid-October. So they feel the provisions for regulation are all necessary and it is up to the MFIs need to work out a sustainable business model. What could worry the MFIs is that other states could also look to emulate the example of Andhra Pradesh.   "All Financial institutions specially MFIs should be careful in selling their products to the vulnerable sections of society. Financial inclusion should not be mis-lending or mis-selling," said Finance Minister Pranab Mukherjee.

NDTV, 11 December, 2010, http://www.ndtv.com/article/india/microfinance-institutions-to-shut-shop-71929

Tagged with: Microfinance

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