Many of the MFIs have therefor ben conduits of credit flows from the banks whose capacities for last mile reach are constrained under various forms of MFI-bank partnership model. The conceptual framework underlying MFIs, however, requires a change, more so in the context of serious challenges the sector faces in post Andhra crisis phase.
The world’s most successful economies have both, and the worst failures have neither. We should look forward to inflation trending lower and growth moving higher, a positive prospect which implies no great dilemma for the central bank. Thank you  9