How moneylenders charge very high interest rates? Since the challenge in India is to link a larger number of financially excluded people to the formal financial system, the focus of our strategy at the base level is to create awareness of basic financial products.
Instead of emphasizing the volume of spending, focus should also be on the quality of spending. The European Commission has a tradition of promoting evidencebased policy making. Strengthening this approach and focusing on “what works” could be an important step forward for Europe. In Europe, there are several initiatives for promoting evidence-based policymaking.