This article grapples with the causes of India's microfinance crisis. By contrasting Bangladesh's highly successful … Grameen model with the allegedly “universalizable” version of India's SKS Microfinance (which precipitated the crisis), trust … — as the essential element accounting for the early success of microfinance. It is argued that the microfinance experience …

programs in poor countries. This is done on the basis of the experience of a microinsurance health program in India. We show …

Swarnajayanti Gram Swarozgar Yojana (SGSY) is a government-sponsored microfinance program. The scheme is based on four … features: group lending with joint liability, progressive lending, back-ended subsidy, and social capital. We propose a new … model of SGSY having these features: group lending with individual liability, progressive lending, back-ended subsidy, and …