Author: Dvara Research

Access to suitable credit could enable growth-oriented nano-enterprises to invest in productive assets, adopt new technologies, smooth working capital cycles, and expand their scale of operations.

Our submission in this paper is that impact measurement in financial inclusion, i.e., financial health measurement can, and ought to, play a more diagnostic role in financial inclusion strategy. This is the conceptual departure that the title of the paper describes as the shift ‘from a canary in a coalmine to a thermostat’.

This paper argues that institutional stability and change in social protection policy in India are best explained through the explanatory power of ideas and the interactive processes of discourse. However, traditional institutionalist theories, whether rational choice, sociological, or historical, tend to underplay the role of ideas and discourse as drivers of institutional stability and change.

In this blog, the author has attempted to summarise the vast literature on the determinants of financial inclusion using a framework developed by Moscona et al (2026).

In this blog, we trace the emerging contours of India’s domestic approach to governing AI in finance and identify the priorities that should shape the next phase of policy thinking, in light of alarm bells triggered by Mythos, and OpenAI’s cybersecurity initiative, Daybreak.

The growing prominence of Responsible and Trustworthy AI (RTAI) frameworks reflects increasing recognition of these harms. Contemporary RTAI approaches recommend safeguards across the lifecycle of AI systems to ensure explainability, transparency, contestability, auditability, and human oversight, while reducing the potential for bias and discrimination.

The Draft Amendments provide detailed guidance to relevant regulated entities (REs) on the loan recovery process, including mandatory certification for recovery agents, safeguards against harassment, grievance redressal mechanisms, and compensation for wrongful use of technology-based mechanisms.

This is Part 3 of a 3-part series on the recently released NCAER-MFIN report, “Assessing the Effectiveness of Regulated Small Borrowing in India”. In this blog, we examine issues related to measurement and empirical strategy.

This is Part 2 of a 3-part series on the recently released NCAER-MFIN report, “Assessing the Effectiveness of Regulated Small Borrowing in India”. In this blog, we turn to some of the broader claims advanced in the report regarding the wider benefits of microfinance and assess whether these claims hold up when situated in a broader empirical context.

This is Part 1 of a 3-part series on the recently released NCAER-MFIN report, “Assessing the Effectiveness of Regulated Small Borrowing in India” (March 2026).