-Outlook India Sandeep Chachra is Executive Director, ActionAid Association and Co-chair of the World Urban Campaign, UN-Habitat. He discusses and expresses views of the ground reality of the success behind Punjab's Agriculture Industry. "Microfinance companies are breaking our backs. Many women in our block have taken loans that they can't repay. During COVID, these loans have swelled up, and the company agents threaten us, take away our belongings, our gas cylinders. I...
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RBI lifts interest cap on microfinance institutions, bans usurious rates
-Business Standard Borrower cannot be charged any amount not been explicitly mentioned in a factsheet, says regulator. The Reserve Bank of India (RBI) on Monday released its final guidelines for microfinance loans, lifting an interest cap and allowing companies to have a board-approved policy to price for such lending. The RBI will continue checking that microfinance institutions do not charge usurious rates. The regulator said each entity has to disclose pricing related information...
More »Women farmers worst hit by anti-farmer laws: National Women’s Organisations
-SabrangIndia.in The group of leading womens’ organisations write open letter to PM Modi; will soon hold nationwide protests against the “ruthlessness exhibited by the Union government” National women’s organisations have written an open letter to Prime Minister Narendra Modi demanding that the government stop repressing the farmers’ legitimate and peaceful protests immediately. They have asked that all cases imposed on the struggling farmers and leaders of the farmers’ organisations be withdrawn and...
More »A Comprehensive Guide From RBI on How 'Not' to Lend to Farmers -Bodapati Srujana
-Newsclick.in This might help understand why there is a huge gap between the amount of loans banks claim they have given to the farmers and the amount that is actually received by the farmers. If you ever find yourself with time on your hands, and don’t know what to do with it – here is something that you can do. Just go to the website of Reserve Bank of India, and search...
More »Collectives help rural women ‘Lean In’ -Nachiket Mor
-The Hindu Women build social capital through the process of regular group meetings and this directly results in a change in their status, both within the home and community In the world of microfinance, women’s collectives have acquired a great deal of prominence globally and are known by various names such as Self Help Groups (SHGs), Joint Liability Groups (JLG), or Village Saving and Loan Associations (VSLA). There is a strongly held...
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