Reserve Bank of India (RBI)

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Thumbs up, thumbs down for Microfinance

Thumbs up: Obopay and Grameen Solutions partner together to provide microfinance services to clients. The initiative will be called the “Bank A Billion Initiative.”

The premise of the project is to provide access to basic financial services through cell phones, reducing the need…

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Revisiting the Effectiveness of Financial Inclusion

In response to the Reserve Bank of India’s (RBI) call for financial inclusion - defined here as the ”delivery of banking services at an affordable cost to sections of disadvantaged and low-income groups” - several banks launched “no frills” bank accounts, or “nil…

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Spotlight: MYRADA

Microcapital.org yesterday profiled Aloysius P. Fernandez, and his organization Mysore Resettlement and Development Agency (MYRADA).

MYRADA “provides training programs for rural development in the Indian states of Karnataka, Andhrapradesh, and Tamil Nadu as well as staff support to 6 other states and…

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