News for 'microfinance-india'

Bad old moneylenders are back with a vengeance

Rediff.com30 Nov 2012

Activists created a climate of opinion against MFIs, while politicians capitalised on the frenzy.

Banking, SMEs attract Rs 70k crore investment

Rediff.com14 Jan 2009

And the response it received was tremendous: About 7,200 memoranda of understanding, worth Rs 7,000 crore (Rs 70 billion), have been signed. The MoUs aim to generate more than 2,80,000 jobs in Gujarat. What's more, four major banks, including State Bank of India and Commonwealth Microfinance India from the UK, signed MoUs worth Rs 60,000 crore (Rs 600 billion) with the Gujarat government to support the SME sector.