A bottoms-up approach to inclusive growth

Counter the growth slowdown with a micro-loan revolution

In the midst of all the noise regarding the current growth slowdown, we have somehow forgotten some of the potentially transformative announcements made in the first Budget of Modi 2.0. One such announcement was the offer of micro loans at an effective rate of 4 per cent per annum for women in self-help groups (SHG) towards income-generating activities in all 727 districts of the country. At present, under the Deen Dayal Antyodaya Yojana (DAY) scheme, these ultra-low interest loans are available only in 250 districts.
 
Woven around the brilliantly practical theme of antyodaya (resurgence of the lowliest) articulated first