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

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From Microcredit to Livelihood Finance

It cannot be said that microcredit can by itself promote economic growth. In reality, microcredit is barely adequate even as an instrument for poverty alleviation, leave alone economic growth. To serve the purpose of economic growth, we need a new paradigm of livelihood finance with much larger levels of resource allocation, both from public resources as well as from the capital markets.

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