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
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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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
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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
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
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
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
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
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

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The RBI&rsquo;s proposal to loosen regulations for private lenders in the microfinance space will have disastrous consequences for the poor, especially women in rural areas.

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                            <p style="text-align:justify">-Frontline.thehindu.com</p><p style="text-align:justify"><em>The RBI&rsquo;s proposal to loosen regulations for private lenders in the microfinance space will have disastrous consequences for the poor, especially women in rural areas.</em></p><p style="text-align:justify">Microfinance, a category of financial services aimed at serving people from low-income households who lack access to conventional banking credit and services, was originally designed by international finance capital institutions such as the World Bank as an alternative to providing direct concessional credit to the poor&mdash;which would empower them&mdash;especially in the wake of establishment of the neoliberal economy.</p><p style="text-align:justify">The Reserve Bank of India (RBI) and the National Bank for Agriculture and Rural Development (NABARD) ushered in the concept of microfinance in the early 1990s. However, compared with the disastrous Latin American experience, in India the formal fusion of microfinance with the structure of mainstream institutional finance was somewhat different and beneficial to the poor to a certain extent.&nbsp;</p><p style="text-align:justify">Please <a href="https://frontline.thehindu.com/the-nation/rbi-proposal-to-loosen-lending-norms-for-private-players-criticism/article35994173.ece?fbclid=IwAR3PfsfYBlDVGwijPqLhC4GlFRL2yW_L10GbCt2CC2ot-gYdLW3dYGw0PTw" title="https://frontline.thehindu.com/the-nation/rbi-proposal-to-loosen-lending-norms-for-private-players-criticism/article35994173.ece?fbclid=IwAR3PfsfYBlDVGwijPqLhC4GlFRL2yW_L10GbCt2CC2ot-gYdLW3dYGw0PTw">click here</a> to read more.&nbsp;</p>                                                           
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                            <p style="text-align:justify">-Frontline.thehindu.com</p><p style="text-align:justify"><em>The RBI&rsquo;s proposal to loosen regulations for private lenders in the microfinance space will have disastrous consequences for the poor, especially women in rural areas.</em></p><p style="text-align:justify">Microfinance, a category of financial services aimed at serving people from low-income households who lack access to conventional banking credit and services, was originally designed by international finance capital institutions such as the World Bank as an alternative to providing direct concessional credit to the poor&mdash;which would empower them&mdash;especially in the wake of establishment of the neoliberal economy.</p><p style="text-align:justify">The Reserve Bank of India (RBI) and the National Bank for Agriculture and Rural Development (NABARD) ushered in the concept of microfinance in the early 1990s. However, compared with the disastrous Latin American experience, in India the formal fusion of microfinance with the structure of mainstream institutional finance was somewhat different and beneficial to the poor to a certain extent.&nbsp;</p><p style="text-align:justify">Please <a href="https://frontline.thehindu.com/the-nation/rbi-proposal-to-loosen-lending-norms-for-private-players-criticism/article35994173.ece?fbclid=IwAR3PfsfYBlDVGwijPqLhC4GlFRL2yW_L10GbCt2CC2ot-gYdLW3dYGw0PTw" title="https://frontline.thehindu.com/the-nation/rbi-proposal-to-loosen-lending-norms-for-private-players-criticism/article35994173.ece?fbclid=IwAR3PfsfYBlDVGwijPqLhC4GlFRL2yW_L10GbCt2CC2ot-gYdLW3dYGw0PTw">click here</a> to read more.&nbsp;</p>                                                           
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                            <p style="text-align:justify">-Frontline.thehindu.com</p><p style="text-align:justify"><em>The RBI&rsquo;s proposal to loosen regulations for private lenders in the microfinance space will have disastrous consequences for the poor, especially women in rural areas.</em></p><p style="text-align:justify">Microfinance, a category of financial services aimed at serving people from low-income households who lack access to conventional banking credit and services, was originally designed by international finance capital institutions such as the World Bank as an alternative to providing direct concessional credit to the poor&mdash;which would empower them&mdash;especially in the wake of establishment of the neoliberal economy.</p><p style="text-align:justify">The Reserve Bank of India (RBI) and the National Bank for Agriculture and Rural Development (NABARD) ushered in the concept of microfinance in the early 1990s. However, compared with the disastrous Latin American experience, in India the formal fusion of microfinance with the structure of mainstream institutional finance was somewhat different and beneficial to the poor to a certain extent.&nbsp;</p><p style="text-align:justify">Please <a href="https://frontline.thehindu.com/the-nation/rbi-proposal-to-loosen-lending-norms-for-private-players-criticism/article35994173.ece?fbclid=IwAR3PfsfYBlDVGwijPqLhC4GlFRL2yW_L10GbCt2CC2ot-gYdLW3dYGw0PTw" title="https://frontline.thehindu.com/the-nation/rbi-proposal-to-loosen-lending-norms-for-private-players-criticism/article35994173.ece?fbclid=IwAR3PfsfYBlDVGwijPqLhC4GlFRL2yW_L10GbCt2CC2ot-gYdLW3dYGw0PTw">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://frontline.thehindu.com/the-nation/rbi-proposal-to-loosen-lending-norms-for-private-players-criticism/article35994173.ece?fbclid=IwAR3PfsfYBlDVGwijPqLhC4GlFRL2yW_L10GbCt2CC2ot-gYdLW3dYGw0PTw" class="re" target="_blank">Frontline.thehindu.com, 10 September, 2021, https://frontline.thehindu.com/the-nation/rbi-proposal-to-loosen-lending-norms-for-private-players-criticism/article35994173.ece?fbclid=IwAR3PfsfYBlDVGwijPqLhC4GlFRL2yW_L10GbCt2CC2ot-gYdLW3dYGw0PTw</a><div class="clear"></div>
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RBI proposal to loosen lending norms for private players a catastrophe in the making -Rana Mitra

Published on Sep 10, 2021   Modified on Sep 5, 2021

-Frontline.thehindu.com The RBI’s proposal to loosen regulations for private lenders in the microfinance space will have disastrous consequences for the poor, especially women in rural areas. Microfinance, a category of financial services aimed at serving people from low-income households who lack access to conventional banking credit and services, was originally designed by international finance capital institutions such as the World Bank as an alternative to providing direct concessional credit to the poor—which would empower them—especially in the wake of establishment of the neoliberal economy. The Reserve Bank of India (RBI) and the National Bank for Agriculture and Rural Development (NABARD) ushered in the concept of microfinance in the early 1990s. However, compared with the disastrous Latin American experience, in India the formal fusion of microfinance with the structure of mainstream institutional finance was somewhat different and beneficial to the poor to a certain extent.  Please click here to read more.

Frontline.thehindu.com, 10 September, 2021, https://frontline.thehindu.com/the-nation/rbi-proposal-to-loosen-lending-norms-for-private-players-criticism/article35994173.ece?fbclid=IwAR3PfsfYBlDVGwijPqLhC4GlFRL2yW_L10GbCt2CC2ot-gYdLW3dYGw0PTw

Tagged with: Microfinance RBI Reserve Bank of India National Bank for Agriculture and Rural Development NABARD Regional Rural Banks microfinance institutions MFIs Non-Banking Finance Companies NBFCs Indebtedness

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