The West Bengal government is looking at ways of replicating the innovative micro-credit model of noble laureate Md Yunus in the state. | |
| "We are examining the Grameen Bank model of Md Yunus," state's chief secretary Amit Kiran Deb said |
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| Officials of the panchayat and rural development department have already visited Bangladesh. Grameen Bank officials, too, visited West Bengal to get an overview of the micro credit system prevalent here. |
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| Deb said an expert committee was looking into the matter A report would be placed before the state Finance Ministry for consideration before the budget session. |
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| Yunus had claimed that one of the most compelling poverty solutions in the world today was microfinancing. |
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| Yunus, founder and managing director of Grameen Bank, the Bangladesh microcredit lender whose model of financing the poor has been copied elsewhere, won the Noble Peace Prize in October. |
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| Yunus founded the bank to lend small amounts of cash "" often as little as $20 (Bangladeshi taka 1,370) "" to local people, almost always women, who could use it to start or sustain a small business. It could be buying a cow to sell milk or a simple sewing machine to make clothing. |
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