Microfinance & Financial Inclusion: Servicing the Marginalised India

‘‘The Poor stay poor, not because they are lazy but because they have no access to capital.” – Laureate Milton Friedman

Introduction to Microfinance

Microfinance (erstwhile microcredit) is a financial service offering loans, savings, and insurance to entrepreneurs and small enterprises that lack proper access to banks or investors. The primary objective of microfinance is to make available to the underserved individuals (since they lack the credit or resources to subscribe to a regular bank loan) the required money so as to invest in their nascent business projects. Continue reading “Microfinance & Financial Inclusion: Servicing the Marginalised India”

The Rise of the Gig Economy in India

Earlier in India, every one wished to get a permanent job with a fixed salary, timing, and some specified work but with changing times, the way people work has also changed. The gig economy is on the rise which is clearly backed by an estimate from the BusinessWorld that it is creating almost 56% of the employment opportunities in India and would even be increasing 25-30% annually.

What is the Gig Economy?

Gig economy is a temporary work system based on a short-term relationship between workers and companies. Workers perform “gigs,” in which they are employed for a specific task or time. This is done to achieve the advantage of cost, quality, and flexibility. Once the task is complete, the worker is free to move on.

Continue reading “The Rise of the Gig Economy in India”

Financial Inclusion: All you need to know

Financial inclusion is where people and organizations approach valuable and moderate money related items and services that address their requirements which are conveyed in a mindful and credible way. Financial inclusion is characterized by the accessibility and fairness of chances to get money-related services. The accessibility of monetary administrations that meet the particular needs of a user without any discrimination is a key goal of Financial Inclusion. Continue reading “Financial Inclusion: All you need to know”

Checking the Daily Fuel Prices

In order to be at par with the international markets that follow the dynamic pricing model, the State run oil companies decided to put into effect from June 16 2017 the daily fuel price revision across the country.  It means the state retailers will reset the price of petrol and diesel each day, rather than wait for a fortnightly revision, which has been the norm so far. This move is expected Continue reading “Checking the Daily Fuel Prices”