New Delhi, March 31 --High interest rates coupled with an uneven spread of micro-financial institutions are among the major reasons for credit still not being available to a sizable portion of the underprivileged, experts said Tuesday.
"There is an uneven spread of the micro-finance movement," B.P. Vijayendra, chief general manager, Rural Planning and Credit Department of the Reserve Bank of India said.
"Not all states have the same number of micro-finance institutions and moreover interest rates still remain high," he said while speaking at the national micro-finance conference organised by Sa-Dhan, an organisation representing micro-finance institutions.
