[PDF][PDF] Rise and fall of microfinance in India: The Andhra Pradesh crisis in perspective
P Mader - Strategic Change, 2013 - pure.mpg.de
Strategic Change, 2013•pure.mpg.de
… Putting the rise of Indian microfinance into perspective reveals longer-term causal processes
driving the creation of the massive debt bubble in Andhra Pradesh which precipitated the crisis
of Indian microfinance. This article provides an analytical narrative of the rise and fall of Indian
microfinance, showing how the crisis was not a product of wanton political machinations, but
was spawned by forces within the microfinance industry itself. These, in turn, footed on longer
historical lineages of credit as a tool of social policy in India, compounded by the neoliberal …
driving the creation of the massive debt bubble in Andhra Pradesh which precipitated the crisis
of Indian microfinance. This article provides an analytical narrative of the rise and fall of Indian
microfinance, showing how the crisis was not a product of wanton political machinations, but
was spawned by forces within the microfinance industry itself. These, in turn, footed on longer
historical lineages of credit as a tool of social policy in India, compounded by the neoliberal …
Abstract
The crisis of microfinance which erupted in 2010 in Andhra Pradesh has complex causes rooted in Indian history.
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