Expert highlights MFI’s role

Our Bureau Mangaluru | Updated on January 06, 2020 Published on January 06, 2020

There is a need to transform micro-credit institutions into micro-enterprises, according to NS Shetty, Professor Emeritus of Justice KS Hegde Institute of Management (JKSHIM), Nitte. Addressing a team of researchers from the University of Pennsylvania at JKSHIM in Nitte, Shetty said that India has the largest pool of self-help groups, covering around 120 million rural households, and nearly 90 per cent are women SHGs. Micro-finance institutions are mainly for social empowerment of rural poor, he said, and there is a need to transform micro-credit institutions into micro-enterprises. K Sankaran, Director of JKSHIM, also addressed the gathering.

Published on January 06, 2020
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