Evening Edition

Friday April 11, 2008 , 1 min Read

Microfinance:
The Annual Policy Conference on Microfinance was held last week “to streamline India’s mircrofinance infrastructure, facilitating sustainability to support the Indian microfinance sector’s current rate of growth and provide for future growth rates.”
Accion International announced that it reached 3 million clients through 25 countries and 35 partner organizations.
Lok Capital LLC, an India focused microfinance venture capital fund, announces an investment of USD 1.25 million in Satin Creditcare Network Limited, one of the largest urban MFIs in India. The fund also raised its fund size to USD 22 million to measure up to the growing needs of its current and potential microfinance partners. (Source: Microcapital)
Agriculture: A pilot with agro-industries will involve a 40 crore project in every state, with the intent to utilize manpower and raw products in rural India to create livelihood opportunities.
Health: The government plans to introduce the HiB vaccine, which will vaccinate children against pneumonia. Pneumonia kills 4 lakh children every year in India.