Economy Terms - Impact Washing in Microfinance | Economic Survey 2026 Insights for UPSC скачать в хорошем качестве

Economy Terms - Impact Washing in Microfinance | Economic Survey 2026 Insights for UPSC

1. 👩🏻‍🏫 ₹ 7999 ONLY Prelims ⁠⁠UPSC Prelims Crash Course + Revision Test Series at https://unacademy.com/goal/upsc-civil... 2. 👩🏻‍🏫 Prelim+Mains from ₹19,999 https://unacademy.com/goal/upsc-civil... 4. 📆 Free Annual economy updates Win26: Mrunal.org/win26 3. ‼️ UPSC Form Filling Helpline https://docs.google.com/forms/d/e/1FA... Timestamps: 00:00 - Impact Washing Explained 00:35 - Greenwashing vs Impact Washing 01:00 - 2010 Andhra Crisis 01:30 - Microfinance Agent Problems 02:26 - RBI Rules Post-Crisis 02:50 - Impact Washing for PR 03:09 - Economic Survey 2026 View 03:27 - SHG as Better Option 04:01 - SHG Bank Linkage Model 05:20 - Joint Liability in SHGs 06:00 - Coaching Industry Impact Washing 07:00 - UPSC Prep Motivation 07:40 - SHG Mains Answer Tips 08:30 - Economy Update Series In this lecture, Dr. Mrunal Patel breaks down "Impact Washing" in microfinance as highlighted in the Economic Survey 2026. Impact Washing happens when microfinance institutions (MFIs) exaggerate their social impact on women and poor communities to build a positive image, much like greenwashing in products (e.g., harmful shampoo marketed as herbal and Ayurvedic). The lecture covers the 2010 Andhra Pradesh crisis where aggressive lending, target-driven agents, over-indebtedness, and harsh recovery methods led to many suicides (around 54 reported cases). Loans were often misused for consumption instead of productive work, creating debt traps. Post-crisis, RBI introduced stricter regulations. To improve PR and attract investors for IPOs, MFIs began impact washing by highlighting women empowerment numbers, rural penetration, and North East reach. The Economic Survey 2026 points out that these tactics hide real challenges and recommends new benchmarks and performance metrics. Dr. Patel presents the better alternative: NABARD’s Self Help Group (SHG) Bank Linkage Programme started in the 1990s. Groups of 10-15 women receive training for small businesses, build savings, get group loans from banks, and lend internally. The joint liability is mainly moral responsibility, promoting peer accountability and better fund use. He also analyzes past UPSC questions on SHGs, discusses impact washing in the coaching industry, and gives practical motivation and study tips for serious aspirants: build strong foundations from school in social sciences, avoid daydreaming, and focus on consistent hard work. Tips on structured answer writing for UPSC Mains are shared, along with promotion of his Annual Economy Update Series and full UPSC courses on Unacademy.