Arunachalam: The popular perception of microfinance has hit a real low and much of the good work by many stakeholders, including some MFIs, is also being viewed suspiciously. This is indeed a very sorry state of affairs. How did this happen? How did microfinance, which was regarded as a noble profession, come to be viewed this way? To what extent did change in the microfinance paradigm to hardcore commercialization cause this negative perception about microfinance? These and other questions started to flit across my mind and I decided to pen my thoughts. My simple book is an outcome of that.Arunachalam: Re-engineering the financial inclusion paradigm to ensure the delivery of a wide-range of vulnerability reducing financial services – quality credit, savings, insurance, risk management services – is critical. Furthermore, the focus of financial inclusion must also be re-engineered such that the delivery of financial services is used strategically to drive higher rewards, better remuneration, and greater power down the value chain. Enhancing the staying power of small producers will result in their having better bargaining capacity, which in turn will mean that they can negotiate better with market elements and get a return or price that is due to them and commensurate with the value that they create in the first place.