The Microfinance India, state of the sector report which has been in publication since the last eight years has now re-branded itself as the Inclusive Finance India Report.The 2015 edition’s editor is Professor M.S Sriram who leads the Centre for Public Policy at the IIM, Bangalore. This report is a must read for those looking to update themselves about developments in India’s microfinance sector. Currently the report is not available in PDF form , you can however purchase it online at the link below.
Who Should Read This Report ?
Eight microfinance companies have been given small finance banking licenses by the Reserve Bank of India last year, out of these eight at-least five are planning to offer their shares for sale to the public through an IPO in 2016. Equitas Holdings has announced that it’s IPO opens next week. So this report is must read for investors and stock analysts who are new to the microfinance sector and looking to invest in MFI’s.
Inclusive Finance India Summit 2015
The report was released at the Inclusive Finance India Summit held between the 8th and 9th December, 2015 at the Hotel Ashok in New Delhi. It was released by by Mr S.S Mundra, Deputy Governor, Reserve Bank of India in the presence of dignitaries and leaders of India’s financial services sector.
The 2015 edition of the report features an exclusive interview with RBI Governor, Raghuram Rajan. M.S Sriram, the author of the report conducts a thorough review of the Banking System, Regional Rural Banks and Local Area Banks in the latest edition. This is followed by a review of Microfinance and Self Help Groups. The purpose of this annual report is to bring together different view points on the best practices being followed for financial inclusion in India.
Appraisal of State of Financial Inclusion in India
Financial Inclusion has emerged as the buzz word among government officials and the Narendra Modi government has taken several bold initiatives such as the launch of the Pradhan Mantri Jan Dhan Yojana to improve the level of financial inclusion in the country. However for the scheme to succeed, it is necessary to conduct a thorough review of it’s benefits and shortcomings and initiate suitable steps.
Scope of the Report
The report has widened it’s scope in 2015 and it now covers an analysis of India’s Postal Network and Urban Co-operative Banks, both of which have been neglected by finance researchers. You can download old editions of the Inclusive India report at the link below :
For old versions of Microfinance India, State of the Sector Reports from 2008 to 2013 visit here.