ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles By Madhura Swaminathan

The Microcredit Alternative?

Microcredit has been receiving a significant amount of attention all over the world, especially in developing countries. It is felt that by providing microcredit to the "poorest of the poor", the gap in the formal rural credit sector can be filled. A majority of such projects are now being controlled by non-government organisations in the hope that they will be able to overcome the weaknesses in the banking system. However, while small-scale rural credit is necessary, overall credit policy must build on the strengths of the banking system in India as its mainstay.