It would therefore make no sense to fully communitise burdens just after the banking union has been launched – say, via a European Resolution Fund – not least because many economic policy decisions which have a considerable impact on the quality of bank balance sheets will still be taken at national level.
In the four years between 2003 and 2007, small borrower bank accounts (credit) i.e. upto Rs 25000 increased marginally from 36.9 million to 38.6 million, while SHGs’ borrowing members grew from 10 million to 40.5 million and MFIs’ borrowers grew from 1.1 million to 8 million.