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Micro Lending
:''This article is specific to small loans, often provided in a pooled manner. For direct payments to individuals for specific projects, see Micropatronage. For financial services to the poor, see Microfinance. For small payments, see Micropayment.'' Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or a verifiable credit history. It is designed to support entrepreneurship and alleviate poverty. Many recipients are illiterate, and therefore unable to complete paperwork required to get conventional loans. As of 2009 an estimated 74 million people held microloans that totaled US$38 billion. Grameen Bank reports that repayment success rates are between 95 and 98 percent. Microcredit is part of microfinance, which provides a wider range of financial services, especially savings accounts, to the poor. Modern microcredit is generally considered to have originated with the Grameen Bank founded in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Utkal Grameen Bank
Utkal Grameen Bank (UGB) ( or, ଉତ୍କଳ ଗ୍ରାମୀଣ ବ୍ୟାଙ୍କ) is a Regional Rural Bank established on 1 November 2012 with the merger of ''Rushikulya Gramya Bank'' and ''Utkal Gramya Bank'' in terms of provisions of Regional Rural Banks Act 1976. The bank is sponsored by State Bank of India & is jointly Owned by the Government of India, Government of Odisha and SBI.It is under the ownership of Ministry of Finance , Government of India. The shareholders of the Bank are Govt. of India (50%), State Bank of India (35%) and Govt. of Odisha (15%). The Bank is operating in 17 districts of Odisha State with its Head Office at Bolangir. Besides, the bank has seven Regional Offices in western and southern Odisha. History The bank was established on 1 November 2012 as an amalgamation of the Rushikulya and Utkal RRBs. At the time of amalgamation, Rushikulya bank had only 87 branches. It subsequently grew to a network of 442 branches, of which 360 are in remote ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lysander Spooner
Lysander Spooner (January 19, 1808May 14, 1887) was an American individualist anarchist, abolitionist, entrepreneur, essayist, legal theorist, pamphletist, political philosopher, Unitarian and writer. Spooner was a strong advocate of the labor movement and anti-authoritarian and individualist anarchist in his political views.Martin, James J. (1953)''Men Against the State: The Expositers of Individualist Anarchism in America, 1827–1908'' Auburn: Mises Institute. pp. 167–201. .Rosemont, Henry Jr. (2015). ''Against Individualism: A Confucian Rethinking of the Foundations of Morality, Politics, Family, and Religion''. Lanham: Lexington Books. p. 78. . His economic and po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neoliberal Economics
Neoliberalism (also neo-liberalism) is a term used to signify the late 20th century political reappearance of 19th-century ideas associated with free-market capitalism after it fell into decline following the Second World War. A prominent factor in the rise of conservative and libertarian organizations, political parties, and think tanks, and predominantly advocated by them, it is generally associated with policies of economic liberalization, including privatization, deregulation, globalization, free trade, monetarism, austerity, and reductions in government spending in order to increase the role of the private sector in the economy and society. The defining features of neoliberalism in both thought and practice have been the subject of substantial scholarly debate. As an economic philosophy, neoliberalism emerged among European liberal scholars in the 1930s as they attempted to revive and renew central ideas from classical liberalism as they saw these ideas diminish in popu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
