When Is Microcredit Unsuitable? – Guidelines using primary evidence from low-income households in India
Households lead complex financial lives. How do households make financial decisions while juggling between competing demands and limited resources? And how can the financial system be made safe for households?
We envisage for the Indian financial system, a policy framework that allows multiple strategies and institutions, new and old, to co-exist with each other, enjoying the freedom to thrive based on their inherent strengths and weaknesses.
The Future of Finance Initiative aims to promote policy and regulatory strategies that protect individuals accessing finance, given the sweeping changes to retail financial services in India – including those driven by Indiastack, Payments Banks, mobile usage and the growing P2P market.