India Out of Work
An excerpt from ‘India Out of Work: Rethinking India’s Growth Story’ India Out of Work explores the growing crisis in India’s labour market. Over the past few years, non-farm jobs, which are crucial for...
Realising Rights: An Introduction to the Handbook of Welfare in India
An excerpt from Realising Rights: A Handbook of Welfare in India In the 2000s, the character of the welfare regime began to change. From 2004 onwards, major social policies reflected a significant shift towards...
Response to the RBI on it’s revised directions on relief measures in areas affected by natural calamities
To The Chief General Manager Credit Risk Group, Department of Regulation Central Office, Reserve Bank of India 12th / 13th Floor, Shahid Bhagat Singh Marg Fort, Mumbai – 400 001 Subject: Concerns regarding the...
कागदांची भिंत : कर्जाच्या चौकटीबाहेर राहिलेल्या महिला
मुलाच्या उपचारासाठी पैशांची तातडीची गरज होती. उपचारासाठी पैसे कुठून आणायचे हा प्रश्न तिच्यासमोर आ वासून उभा होता. नवऱ्याचा मागच्याच वर्षी अपघातात मृत्य झाला, कुटुंबाची सर्व जबाबदारी आता तिच्याच खांद्यावर होती. फॅक्टरीत रोजंदारीवर जाऊन त्यातून...
Wayanad relief: Why India needs climate-sensitive banking now more than ever
With assets wiped out, crops lost and livelihoods ruined, disaster-hit families desperately need new loans or relief from existing debts. The women of Wayanad affected by the devastating 2024 landslide that scarred their lives...
Indian Banking Paradox: Accounting Profit Vs Social Profit
We are in the midst of major changing times in recent history; internationally, domestically in general and the Indian banking system in particular. First time after independence, Indian banks are being sold to foreign...
A Note on Agriculture Debt Relief in Maharashtra
In 2017, Maharashtra implemented an agriculture debt relief scheme that waived debt amounting to ₹18,762 crore. This was followed by another debt relief program in 2019 for an amount of ₹20,497 crore. In the...
A note complicating the claims around financial inclusion through Banking
When the RBI announced recently that its Financial Inclusion Index had jumped from 64.2 to 67 this year, celebrating “significant improvement,” it painted a rosy picture that masks a troubling reality. The Department of...
Women demand basic dignity, access to credit and monitoring micro finance by States
The National Public Hearing on Rising Indebtedness of Women and MFI Loot, convened by the All India Democratic Women’s Association, on 23-24 August 2025 at New Delhi highlighted the failure of the Government of...
From Credit to Crisis: India’s Women in Debt I Finance Matters, 22 August 2025 I Editorial
A new nationwide survey has laid bare the dark side of India’s microfinance boom. Conducted by the All India Democratic Women’s Association across 15 states, the study of 6,685 women shows how non-banking finance...
BULA BILL TO SAVE SHYLOCKS?
The Statement of the Peoples Commission on Public Sector and Public Services has declared that the BULA Bill fails to rein in predatory lending activities.The summary of the statements is given below: The Department...
Micro Loans Are Driving an Already Forsaken Population Further Into Distress
The people for whom such micro-credits become a lifeline are those who are not considered credit worthy by the formal banking system. ‘These are the people for whom such micro-credits become a lifeline as...
By pushing people to money lenders the Union Govt and RBI are implementing Manusmriti
History shows that in primitive society there was no money lending and people shared their natural resources. In India, the concept of lending has been recorded during the Mauryan age, i.e., 321–185 BCE. Kautilya’s...
Loan Write-offs and Reduction in Rural Bank Branches Are Undermining Financial Inclusion in India
As the DFS gears up for its stock-taking meet, it must recall that true financial inclusion needs more public sector bank branches and staff. It appears that a major stock-taking and brainstorming is being organised by...
Reducing Small Loans from Banks – A Serious Alarm, Act Immediately
After nationalisation of 14 banks in 1969 and 6 more in 1980, access to credit became possible for small borrowers. But everything changed after 1991 and worsened after 2014. Please refer to tables from...
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