Following reports of harassment by loan recovery agents and suicides by defaulters, Andhra Pradesh has passed a bill to discipline microfinance institutions More...

Finance Minister Pranab Mukherjee hints that the government does not intend to regulate interest rates in the microfinance sector, but that state governments were well within their rights to regulate lending practices More...

Microfinance institutions in Andhra Pradesh are being scrutinised as the state government admits to over 20 suicides in the last few weeks due to high interest rates and coercive methods of recovery More...

A new report claims that more than half a billion people could be benefiting from microcredit around the world, but that the microfinance movement was in danger of becoming a victim of its own success More...

The government is working on a microfinance bill to help create an appropriate environment for the provision of such services. The draft legislation is likely to be introduced in the forthcoming budget session of Parliament More...

Economist Muhammad Yunus' idea to lend small sums of money to those who couldn't get loans from banks has offered millions of impoverished Bangladeshi women a way out of the poverty trap. It gave birth to the microcredit revolution and three decades later, has won its pioneer the Nobel Peace Prize More...

Faced with a new crisis in its rural areas, the Andhra Pradesh government is contemplating legislation to punish erring micro-finance institutions and asking banks to enforce a code of conduct on them

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Noted economist Professor Muhamad Yunus, founder of Bangladesh's world-renowned Grameen Bank, and winner of several international honours including the Magsaysay Award and the World Food Prize, speaks about the microcredit experiment

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