Reportage on a planet without equitable or sustainable development.
The High Priest of Indian Microfinance takes a walk
You could say he has found a whole new way to walk the talk. And Vijay Mahajan, considered by many to be the high priest of Indian microfinance, is taking it quite literally—some 5,000 km across rural hinterlands. The chairman of Basix, a microfinance institution (MFI), began a quiet 75-day journey on January 30 from Wardha, Maharashtra—on foot, public transport and by car. He wants to meet and talk to poor borrowers and get the real, grassroots-level answer to an existential question: has microfinance been good for the poor or bad?
I am an Indian journalist with interests in energy, environment, climate and India’s ongoing slide into right-wing authoritarianism. My book, Despite the State, an examination of pervasive state failure and democratic decay in India, was published by Westland Publications, India, in January 2021. My work has won the Bala Kailasam Memorial Award; the Ramnath Goenka Excellence in Journalism Award; five Shriram Awards for Excellence in Financial Journalism; and, more recently, been a finalist at the True Story Award and GIJN’s Global Shining Light Awards. Write to me at despitethestate@protonmail.com.
“Westland closure: Titles that are selling fast and a few personal recommendations,” by Chetana Divya Vasudev, Moneycontrol. (Because this happened too. In February, a year after DtS was released, Amazon decided to shutter Westland, which published the book. The announcement saw folks rushing to buy copies of Westland books before stocks run out.)
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