A number of non-banking finance companies have entered the rural microcredit market. Many microcredit agencies have been charging interest rates not very dissimilar to those charged by moneylenders. Borrowing then becomes more to meet pressing consumption needs, rather than for farming or small-scale enterprises.
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"A number of non-banking finance companies have entered the rural microcredit market. Many microcredit agencies have been charging interest rates not very dissimilar to those charged by moneylenders. Borrowing then becomes more to meet pressing consumption needs, rather than for farming or small-scale enterprises." — M. S. Swaminathan #moneywealth
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A number of non-banking finance companies have entered the rural microcredit market. Many micr…
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A number of non-banking finance companies have entered the rural microcredit market. Many microcredit agencies have been charging interest rates not very dissimilar to those charged by moneylenders. Borrowing then becomes more to meet pressing consumption needs, rather than for farming or small-scale enterprises. — M. S. Swaminathan
About M. S. Swaminathan
M. S. Swaminathan was a Scientist from British Raj (1925–2023).
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Who said "A number of non-banking finance companies have entered the rural microcredit ma…"?
This quote is attributed to M. S. Swaminathan, a Scientist from British Raj.
When did M. S. Swaminathan live?
M. S. Swaminathan lived from 1925 – 2023.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.