Micro Financing – The need of the Hour

Awanika Anand To address the ever deplorable economic situation of rural India has become the foremost priority of the government. There is a need for structured development in these sectors of the country. The aim is to eradicate poverty, illiteracy and hunger from the face of rural India. Various poverty alleviation schemes have been suggested  [ Read More ]

Court declines stay on Andhra micro-finance ordinance

The Andhra Pradesh High Court Friday declined to stay an ordinance brought by the state government last week to regulate micro-finance institutions (MFIs) in the state. A division bench of Chief Justice Nisar Ahmed Kakru and Justice Vilas Afzalpurkar asked the MFIs to register within a week as required by the government ordinance but directed  [ Read More ]