They must lead a mission to impart financial education, training and capacity building for this functional group (rickshaw pullers, vegetable vendors, plumbers, masons, etc.) and prepare them to avail of the entire suite of financial products and services i.e., savings, remittance, insurance and pension from the banking sector, in addition to credit.
A growing number of firms are looking to cut costs by importing more inputs. We’ve certainly seen this type of adjustment taking place among the manufacturers of telecommunications equipment. Other firms are phasing out the production of goods and services with low profit margins and concentrating on those that yield higher returns.