The Federal Territories Ministry will introduce microcredit
scheme to assist the lower income group of B40 and asnaf recipients in the capital who are keen to start own business.
; Rural Women; Women Economic Empowerment; Women Social Empowerment; Standard of Living.
News Report The government has allocated Tk 64.5 crore in the budget for 2019-20 fiscal for interest-free microcredit
for poverty reduction programme.
The OFI statistics in BH at the end of 2018 includes the data for 26 insurance companies with the reinsurance company, 35 investment funds, 7 leasing companies, 25 microcredit
organizations, 8 brokerage houses and 2 stock exchanges.
With over 2 million beneficiaries currently accessing credits for diverse micro-business initiatives, the Government Enterprise and Empowerment Programme (GEEP) alongside its pet-projects, Tradermoni, Marketmoni and Farmermoni has been lauded as the biggest microcredit
scheme in the world by international bodies.
Microfinance, a key component of the financial system, " would have been a key lever of this strategy" but the lack of a multidimensional and comprehensive financial inclusion strategy (microcredits
, micro-insurance, savings in the rural environment, technological lever of financial inclusion) prevents microcredit
institutions from being part and parcel of the financial system.
In particular, the misuse of budget funds and funds of its subordinate structures (microcredit
organizations) amounted to 4.4 million soms.
Concretement, ce texte releve le plafond du microcredit
afin de mieux repondre aux besoins de financement des TPE.
Commercial banks of Uzbekistan received the right to provide microloans along with microcredit
organizations, Uzbek media reported.
The second component will focus on improving the targeting and impact of social safety nets and expanding access to microcredit
. Better targeting will not only ensure that social programs are reaching those that need them most, but will also make implementation of the law increasing the size of payments to beneficiaries more feasible.
Around a decade ago, NGOs, international organisations, and philanthropists trumpeted microcredit
as a silver bullet that would end extreme poverty.