The concept of MICRO - CREDIT needs to be understood well. It is an important tool to overcome poverty by empowering the poor.
The Nobel Peace Prize 2006 was awarded to Md. Yunus - the founder of Grameen Bank in Bangladesh. His bank seeks to provide easy micro-credit to the poor. The Nobel Committee gave him the PEACE PRIZE thereby equating poverty reduction to peace.
Do check up this site.
For a country like India it is critical that the poorest of the poor are provided easy credit (small loans). If that were to happen the poor might be able to earn their livelihood in their villages itself. This will have a direct bearing on RURAL - URBAN migrations.
The bursting metro's need REVERSE MIGRATIONS (URBAN - RURAL) in order to de-congest them. Micro-credit has an important role to play in this regard.
Teachers are requested to browse the site and attempt to familiarise their students about the concept.
I will be putting up more links on the subject as we go along.
Khoj will keep posting relevant info on this blog. We are eager to receive your comments & feedbacks.
Signing off!!
Nikhil
Thursday, January 10, 2008
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