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Money lending and loans in India's informal economy

03/26/2015

The effort to give bank accounts to India's urban and rural poor by the Modi administration is designed to bring the vast majority of the people into the formal banking system. It will take time to develop but is a significant step in the right direction to improve consumer incomes and ensure subsidies to the poor are correctly deposited.

Grouped Articles

India’s Illicit Moneylenders Aren’t Going Away

Wall Street Journal 03.26.2015

India’s Push for Banks for All Leaves Some Still Outside

Wall Street Journal 04.10.2015

Financial inclusion is making great strides

The Economist 05.08.2018


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