Micro-finance is in danger zone: Jairam Ramesh
And there is no doubt in my mind that there are many advantages when it comes to delivery of finance through the micro finance route," he said.
Hailing the bank-link self-help groups (SHGs) as India's contribution to the world of financial inclusion, Ramesh said the fundamental focus in the banking SHG model has been building social capital, community institutions.
The focus has also been on delivery on public services which governments have traditionally failed to do in a satisfactory manner, he said.
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