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Course-correction for microfinance


Microfinance institutions were once hailed as the banks of the poor. They won accolades for helping many budding entrepreneurs and self-help groups. But soon, the dreams soured. The Malegam Committee's recommendations could put the sector back on track




The Hindu presents the all-new Young World

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Recent Article in Andhra Pradesh

Loan waiver to add to AP’s debt burden

Govt. exploring various options to wriggle out of a dicey situation. The government in any case is prepared to borrow about Rs. 20,000 crore for implementation of ongoing welfare schemes in the budget during the year given the revenue deficit of Rs. 16,000 crore and fiscal deficit of Rs. 20,000 crore post bifurcation. »