Wednesday, May 23, 2007

Interview with Jayshree Vyas of SEWA

Soumitra Trivedi interviews Jayashree Vyas, Managing Director of SEWA Bank in Business Standard.

SEWA, unlike other micro finance institutions, is a registered bank, regulated by RBI. This is both good and bad - SEWA can tap low cost funds, NBFCs cannot. But the banking norms have to be followed which are stricter.

Vyas feels, total poverty removal is not possible without government intervention and microfinance alone can not make that happen.

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