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25 mn small borrowers' data now a click away



Survarna Saha, a domestic help, is hardly known beyond her neighbourhood in one of the nondescript localities of Kolkata. Till recently, her sole documented identity was locked in a carefully preserved elector’s photo identity card. Today, Saha's details are a click away. No, it’s not Aaadhar, the much-trumpeted Unique Identity Card scheme that has exposed her identity beyond her immediate neighbourhood, but a loan from a micro finance institution (MFI).

With the  for microfinance institutions now fully functional, details of millions of such small  across India are now being documented. This documentation may become one of the largest databases in the years to come.


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