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| Topic: |
History
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| Number of pages / Number of words: |
3 / 699 |
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Since the 1980s, some countries have experimented with a broader approach that has focused on reforming the policy and legal environment for financial markets and improving the design of rural financial programs and institutions. This new approach has proven to be far more effective than government intervention through concessional lending...
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Rural financial intermediaries (RFIs) have sprung up that are capable of reaching large numbers of people and surviving--even thriving--without government subsidies.
Challenges for rural finance
In India, financial markets--especially in rural areas--cannot operate efficiently because of an unstable macroeconomic environment, biased sectoral policies, excessive government intervention, and legal and regulatory barriers...
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