Dvara Research is a policy research institution based in India. Our mission is to ensure that every individual and every enterprise has complete access to financial services. We strongly believe in the deeply transformative power of finance in unlocking the potential of individuals, households, enterprises and local governments. 

Our Policy Initiatives

Financial Systems Design

The initiative aims to develop and disseminate financial systems designs focused on achieving both inclusion and stability.
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Household Finance​

The initiative aims to rigorously understand the financial choices and decisions of low-income or excluded individuals and households, and their relation to achieving households’ objectives.
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Future of Finance​

The initiative aims to identify and address new challenges for policy and regulation in India around customer protection, given the waves of digital innovation currently sweeping financial services.
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Social Protection​

The initiative aims to conduct research that will inform the design and implementation of a universal social security system.
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Latest Work


Covid-19 and debt moratorium conundrum: The case of microfinance

July 2, 2020 | IDEAS FOR INDIA

Misha Sharma & Giorgia Barboni


The case for a unique business identifier for Indian MSMEs

June 26, 2020 | Moneycontrol

Deepti George & Madhu Srinivas


A conflict-ridden SIDBI needs the government to clarify its role

June 22, 2020 | Livemint

Bindu Ananth & V. Anantha Nageswaran

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