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Microfinance replaces informal credit: Report

MUMBAI: A structural shift is reshaping India’s microfinance sector, with regulated lenders displacing informal sources as borrowing from moneylenders fell to 1% in 2024–25 from 46% in 2011, according to a survey by Microfinance Industry Network and National Council of Applied Economic Research.The survey, which covered 10,342 borrowers across 10 states, shows a maturing market…

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‘Anxiety among minorities’: Shashi Tharoor questions FCRA Ammendment Bill | India News

Shashi Tharoor (File photo) NEW DELHI: Congress MP Shashi Tharoor questioned reports that the Centre may withdraw the Foreign Contribution (Regulation) Amendment Bill, saying the move could not be fully trusted.Speaking in Nilambur recently, Tharoor said, “The Centre’s reported withdrawal of the FCRA Amendment Bill cannot be fully trusted. The urgency with which the central…

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