ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Microfinance Institutions in Andhra Pradesh

District authorities in Andhra Pradesh recently closed down 50 branches of two major microfinance institutions in the state following allegations that they were charging usurious interest rates and indulging in forced loan practices. The crisis can be seen as a conflict between state and civil society organisations vying to capture the popular space on one hand, and the structural problems of MFIs on the other.

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