Clusters are increasingly recognised as an important feature of modern economies. Their presence has become more pronounced in the global economy—not less, as was sometimes assumed. Complementary concepts such as the global value chain point out that strong clusters benefit from strong...

Purpose: The purpose of this paper is to understand interest-free microfinance practices in India, identify issues and recommend possible solutions. Design/methodology/approach To achieve the proposed objectives, Bait-un-Nasr (BuN) Urban Cooperative Credit Society, located in Mumbai, India, is...