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NABARD and Microfinance
WI feel the two rejoinders by the officers of the National Bank for Agriculture and Rural Development (NABARD) (December 29, 2007 and January 19, 2008) have not done justice to the major points raised by Nilakantha Rath in his article (September 15, 2007).
One may indeed raise the issue whether there is at all any need for a central enactment on microfinance in the context of the fact that at the core of bank nationalisation in India in 1969 was the laudable objective of social banking which was more comprehensive than the idea of microfinance.
WI feel the two rejoinders by the officers of the National Bank for Agriculture and Rural Development (NABARD) (December 29, 2007 and January 19, 2008) have not done justice to the major points raised by Nilakantha Rath in his article (September 15, 2007).
One may indeed raise the issue whether there is at all any need for a central enactment on microfinance in the context of the fact that at the core of bank nationalisation in India in 1969 was the laudable objective of social banking which was more comprehensive than the idea of microfinance.
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