Microfinance News Digest

MFI loan restructuring in Andhra Pradesh delayed – News Digest

MFIs’ Andhra loans recast plan likely to be delayed
Micro-lenders’ plans to restructure the loans of their poor customers appears to have hit a hurdle, with the Andhra Pradesh state government asking firms to formally re-submit the proposal. BS

Government looking for overall financial inclusion through Aajeevika Development and Financial Corporation
In an attempt to bolster its aam aadmi image, the government is setting up the Aajeevika Development and Financial Corporation, a financial institution to ensure easily available funding for self-help groups under the National Rural Livelihood Mission. ET

 

mfi loan recast

The reversal of reforms on the New Pension System?
By Ajay Shah – Link

Setting the bar for new banks
The RBI, in its guidelines, has ensured that the core objective of improving financial inclusion is not compromised by the new entrants. HBL

Banker hunt leads NBFCs to headhunters
The draft guidelines for licensing of new banks in the private sector released last week, have set off a flurry of activity among stakeholders seeking to eye a number of candidates with the help of headhunters. Non-banking finance companies (NBFC) have given out mandates to recruiters to look for suitable candidates for the corner offices. BS

Entrepreneurship is the most transparent way of creating wealth
Interview with Ms Padmaja Ruparel, President, Indian Angel Network. HBL

Gujarat launches iCreate to foster entrepreneurship amongst youth
Gujarat Chief Minister Narendra Modi today launched an International Centre for Entrepreneurship and Technology ( iCreate), a centre of excellence (COE), to encourage youths to turn entrepreneurs, which will be guided by Infosys Chairman Emeritus N R Narayan Murthy. ET

IRMA director keen to promote social entrepreneurship
The wait is finally over. Set up in 1979, country’s first rural management school — Institute of Rural Management, Anand (IRMA) — got its first woman director on Wednesday as Prof Jeemol Unni took charge of the premier institute. DNA

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