Nepal deprived sector lending certificates ?
Initiative for Responsible Investment at Harvard University recently came out with a report Impact Investing: A Framework for Policy Design and Analysis . This report talks about the role of the government to make impact investment more impactful and how to nurture the still immature sector of impact investment..I did not get to read the entire report but I had a chance to go through the Case study done in India’s priority sector lending. Here is the summary of the case study: “ For more than four decades, the Reserve Bank of India (RBI) has required all public and private banks to direct a fixed percentage of lending to “priority sectors,” which it defines as underserved or priority areas for economic growth. Today, state-owned and private banks must make 40 percent of all loans to the priority sector, whereas foreign banks have a minimum requirement of 32 percent. The priority sector includes agriculture, small enterprise, retail trade, education, and housing financ...