My View on "Microfinance India Summit 2013 - Release of the St...":
The Report provides good insights into the initiatives thus far and the way forward. The rising NPAs in SHGs is no big news as any such initiative with only money getting into the hands and not converting into assets lose out on sustainability. Unless corrections come in at least now, the future is not going to be bright for the SHGs and NABARD's ability to provide livelihood opportunities and build capacities on that platform is highly suspect. There are a few institutions in the non-governmental sector actively engaged in promoting producer cooperatives and producer companies in the rural areas with the active involvement of the National Skill Development Corporation and these throw up opportunities for growth with sustainability as they proceed with capacity building upfront and making the groups believe that they have to work for profit and not for charity and that they should not sacrifice their basics in their search for alms.
- Yerram Raju
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