Mumbai: As small finance banks gear up to start operations over the next few months, they are eyeing Priority Sector Lending Certificates (PSLC) as a key business opportunity to boost their fee income. PSLC is a short-term accounting instrument used by banks to cover shortfalls in meeting priorit…
Tag: Microfinance Institutions Network
Garbage apps to solar lamps: Businesses helping poor attract foreign investors
As a new business in India offering environmentally-friendly rubbish disposal, ScrapApp has boomed in the past year while helping address one of the nation’s major problems – garbage. In India, where recycling rubbish is not part of the formal sector, masked workers from social enterprise S…