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Has the Government done enough to Empower Microfinance to help the Poor?

Created by : Mohit Sethi, Account Manager, ABN Amro  | 11 08 2008 09:27:18 +0000
Industry : BankingFunctional Area : India(Markets)
Keywords : INDIA Market Growth Government Help Financial INDIAN Government MICROFINANCE INDIANS Poor Poverty Done Enough Micro Empowerment Empower
Activity:  962 views;  last activity : 07 06 2010 20:18:09 +0000

The impressive recent growth of various sectors of the Indian economy is necessary but it is insufficient to eliminate the extreme poverty which is still in India, so in order to ensure that the poorest benefit from this growth, and also added to that the vast expansion and improvement of the microfinance sector should be priority for the Indian Government, what you think guys.

poorest benefit from this growth, and also added to that the vast expansion and improvement of the microfinance sector should be priority for the Indian Government, what you think guys.

 

  
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Yes the government is taking many initiatives where they are joining hands with NGOs and several reputed Microfinances and empowering them to do more for the poor people where they are earning less than $1 a day.
By Mohit Sethi, Account Manager, ABN Amro  | 11 08 2008 09:27:18 +0000
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No the Government is not helping by empowering the microfinance because even today loan products are still too inflexible, and savings and insurance services that the poor also need are not widely available due to regulatory barriers. And there is insufficient data exists on client-level basis.

 
By Rahul Gautam, Client Servicing/Key Account Manager, HDFC Bank  | 11 08 2008 09:31:07 +0000
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No the Government is not doing anything for the poor and the poor people are getting still poorer day by day their earnings of a day is so low that they can't even properly have food and then medicines if they are older. As you can see by yourself daily on the bylanes of the road the beggars in the country, there is a raise in the numbers. So no the government is not helping the poor or even thinking about them.
By Omkar Bapat, Client Servicing/Key Account Manager, HDFC Bank  | 11 08 2008 09:30:32 +0000
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