Posts Tagged ‘NABARD’

Microfinance Focus, Oct 26, 2010: At Economic Editors’ conference Finance Minister Pranab Mukherjee said, "I am not currently thinking of appointing any regulator right now. As we expect there should be a code evolved by the institutions themselves where rate of interest are not abnormally high and there should not be a coercive mechanism to recover the money", according to a Press Trust of India ... Full story

Microfinance Focus, Oct 25, 2010: The finance ministry could move a bill in the winter session of Parliament that will make NABARD (National Bank for Agriculture and Rural Development) responsible for regulation of all non-profit microfinance institutions structured as trusts, cooperatives, or mutual benefit societies, an Economic Times report said.   The new law will treat microfinance as a separate business and will also consider bringing ... Full story

Microfinance Focus, Aug 18, 2010: In an Annual Review Meeting of Regional Rural Banks (RRBs) held on 25th July, 2010 under the chairmanship of Mr. Pranab Mukherjee, the Finance Minister of India, the status of Financial Inclusion in the country was reviewed. Issues like credit flow to agriculture, current viability, non-performing assets position, Core Banking Solutions (CBS) in RRBs and branch expansion of RRBs were discussed ... Full story

By Dr. A. L. Ghosh Microfinance Focus, Aug 16, 2010: Compared to the rest of the country, the progress of microfinance in the North Eastern (NE) Region of India has been very slow. Only 0.02 percent of total microfinance loans disbursed during 2008-09 was in the NE Region. The share of NE Region in the total no. of existing SHGs is only 0.04 percent (NABARD, 2009).... Full story

By Asma Azmi, Microfinance Focus, July 20, 2010: Mr. N Srinivasan, author of the series of the books ‘Microfinance in India: State of the Sector Report 2008’ is a development economist and a career development banker. He served National Bank for Agriculture and Rural Development (NABARD) for over two decades of which the last six years was in the capacity of Chief General Manager. ... Full story

Microfinance Focus, June 14, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. Nabard to set up rural credit bureaus: The National Bank for Agriculture and Rural Development (Nabard) is to promote rural credit bureaus on the line of the Credit Information Bureau (India) Ltd to help the flow of credit to the rural sector. Dr ... Full story

By Nagesh Narayana Microfinance Focus, Feb 26, 2010: Presenting the Union Budget 2010-11 to parliament on Friday, India's Finance Minister has reiterated the UPA government's commitment to expanding financial inclusion and expanding the microfinance programmes, by doubling allocation to Micro-Finance Development and Equity Fund to Rs. 400 crore (INR 4,000 million). He has also increased allocation by Rs 100 crore (INR 1,000 million) each to the Financial ... Full story

Microfinance Focus, Feb 22, 2010: Based on the recommendations of the Rangarajan Committee on Financial Inclusion, which focused on financial Inclusion in four specific terms - Access to Financial Services – (savings, credit, insurance and transfer of money), Timely Credit, Adequate Credit and Affordable Credit, NABARD has posted the draft on its website seeking suggestions and recommendations from the stakeholders in the microfinance industry. It said ... Full story

Microfinance Focus, Feb 17, 2010: A National Seminar on “Microfinance” has been conceived and being organized by Jaipuria Institute of Management in collaboration with NABARD at Jaipur (India) on 8th March 2010. Key focus areas of the seminar  includes “Inclusive Growth & Micro Finance :An Overview, key  elements  and current status”, ”NABARD initiatives and SHG Model”, “Financial Inclusion & Financial Literacy”, “Sustainability of Microfinance Operations” ... Full story

Microfinance Focus, Dec. 15, 2009: The National Bank for Agriculture and Rural Development (NABARD) has invited applications from the students of agricultural or management disciplines to the Summer Internship Programme 2010-11 for studying in areas like rural development, multi-disciplinary projects, rural banking, institutional development etc. The selection of the students will be made either through campus visits by a selection committee in consultation with the institutions ... Full story

Microfinance Focus, Nov. 3, 2009: Though major MFIs are against the Microfinance Bill, it is still required to address the needs of small and start-up MFIs, especailly in the NGO segment, said Mr. U.C. Sarangi, Chairman, National Bank for Agriculture & Rural Development (NABARD), on the sidelines of Microfinance India Summit in New Delhi ... Full story

Microfinance Focus, Aug. 13, 2009: Pondicherry University will hold its third annual international conference on microfinance from January 22 to 24 next year and has called for research papers. The conference is being held every year by the university's School of Management, Department of Commerce to bring together policy-makers and researchers from educational institutions and universities in India and abroad. Research papers by professionals from banks, non-governmental agencies, microfinance institutions, regulatory agencies, financial advice domains, insurance agencies and self help groups -- are invited to reach the university before Dec. 14, 2009. Full story

Microfinance Focus, July 27, 2009: India's rural lending agency NABARD has sanctioned a Rs 307-crore loan for infrastructure projects in West Bengal. The amount would be spent for developing infrastructure for marketing of agriculture and rural produce in the state, said NABARD in a statement in a press release on Monday. The loan provided under the Rural Infrastructure Development Fund (RIFD) includes Rs 257 crore under RIDF XV ... Full story