Tag Archives: microfinance

Ujjivan Microfinance raises Rs. 128 Cr ($25M) in 5th round of equity funding

Bangalore-based Ujjivan Financial Services, one of India’s major microfinance institutions, has raised Rs 127.9 Crore ($25.5 Million) in its fifth round of equity funding, with two new Foreign Institutional Investors participating in it. Investors who participated in the fifth round of funding include Lok Capital: Rs.100 Million, Sequoia Capital: Rs.100 Million, Mauritius Unitus Corporation: Rs.25 Million, Elevar Equity: Rs.125 Million, ...

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Nabard’s pension scheme for rural poor going strong: minister

National Bank for Agriculture and Rural Development (NABARD) has reported that in the Self Help Group (SHG)-Bank Linkage Programmes for Rural Poor household, the saving portion of the groups can be utilized by the rural poor to meet requirements during old age. Minister of State for Finance, Namo Narain Meena in written reply to a question in Lok Sabha, said ...

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Yunus exit from Grameen Bank upheld by high court

Bangladesh Nobel laureate Mohammad Yunus has been shown the exit of Grameen Bank not on moral grounds but on archaic rules of  retirement set for banks. The High Court upheld the decision of the board of directors of Grameen Bank to retire Prof Yunus, 70 and gave the ruling in favour of the government which was adamant to oust Prof ...

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