Finance

Empowering Communities with Microfinance

A comprehensive overview of empowering communities through microfinance, including the benefits and challenges of microfinance in India and examples of successful microfinance institutions.

Microfinance refers to the provision of financial services to low-income individuals and communities who are often excluded from the traditional banking system. This includes loans, savings, insurance, and other financial products. The purpose of microfinance is to provide individuals with access to capital and financial services, enabling them to improve their standard of living and …

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Annapurna Scheme

Annapurna Scheme

Annapurna Scheme aims to meet the needs of older people who, despite being eligible for an old age pension, were not receiving benefits under the National Old Age Pension Scheme (NOAPS), ensuring food security. Thus, an Annapurna Scheme beneficiary will be given a “free” 10 kg of food grains each month. So, this program was …

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ANT Group Gets Approval To Expand Its Consumer Finance Business

ANT Gets Approval To Expand Its Consumer Finance Business

ANT Group Key Points The China Banking and Insurance Regulatory Commission approved ANT Groups request to increase the registered capital for the company’s consumer unit from 8 billion yuan to 18.5 billion yuan on Friday. Chinese media had previously reported the banking regulator’s approval, so the terms of which had previously been made public. Ant …

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