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Submitted by B. Yerram Raju on

Micro credit will be a success only when consumption finance to a reasonable extent - this extent depends on the endowment of the family to absorb and benefit, savings, micro insurance and asset creation or livelihood promotion accompany as a package under joint liability scheme. I do not agree with the contention that the visible sharing of benefits of investment would be the yardstick. The groups should not be formed by outside agency or the financing entity. The groups should be voluntarily formed and duly facilitated by a knowledge group.