Download or read book A study on the role of micro finance institutions in economic empowerment with special reference to Changanacherry Taluk Kerala written by Jose Joseph and published by Amazon Publishers, USA. This book was released on 2020-12-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: India is a home to the largest population of poor in the world and out of its total population there are nearly 75 million poor house-holds in India, thus it has become the prime obligation of the regulators to provide some definite solution for poverty alleviation. Microfinance has several other developmental objectives like mobilization of savings. It has also been used as inducers in different community development activities as an entry point in the community organizing program and as an ingredient in a larger education or training exercise. For this study, population consist of clients of micro financing institutions in Changanacherry Taluk. In this study for the purpose of primary data collection, samples were selected by using random sampling technique. Sample size for the study conducted is 100 respondents of micro financing institutions. The study consists of both primary and secondary data. Primary data were collected through questionnaire. The role of Micro Financing Institutions in economic empowerment with special reference to Changanacherry taluk was examined. Key challenges facing MFIs today that are affecting their impact on poverty alleviation were seem to be an over-emphasis on financial sustainability over social objectives, and a failure of many MFIs to work with the poorest in society. Overall, Micro financing institutions has provided important contributions to the development world. It was found that savings are vital and perhaps more important to people, that they are probably better served by direct subsidies rather than loans. Although micro financing institutions offer financial assistance to the society and prove itself a useful tool in economic empowerment.
Download or read book A study on the importance of micro finance on Kudumbasree members with special reference to Purapuzha Panchayath Kerala written by Jose Joseph and published by Amazon Publishers, USA. This book was released on 2020-12-02 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The most widely published feature of Kudumbasree is the setting up of micro enterprises using local resources as well as skills. Micro enterprise development is viewed as an opportunity for providing gainful employment to the people below poverty line and thereby improving their income and living standards. Micro finance in India started in the early 1980s with small efforts or forming informal SHG to provide access to much needed saving and credit services to the marginal population more importantly in rural areas. National bodies like the Small Industrial development Bank of India (SIBI) and NABARD are devoting significant time and financial resource to micro finance sector. The main objectives of this study 1) to identify important applications of micro finance among members in Kudumbasree, 2) to find out whether micro finance influences economic development of women, 3) to get insight about micro finance activities. A well-structured questionnaire was prepared to collect primary data. The questionnaire for this study was developed partly on the basis of existing literature and partly from the opinion of experts in the field by keeping in mind the scope and objectives of the study. Through this study an attempt has been made to analyse the working system of NHG of Purappuzha panchayath. Kudumbasree unit has created an innovative method of mobilising rural savings that eventually helped for providing credit. The members admitted that their socio-economic status improved after joining this unit. NHG unit has brought the national and international recognition as an ideal and workable model of participatory development for eradicating poverty.
Download or read book The Role of Microfinance in Women s Empowerment written by Raji Ajwani-Ramchandani and published by Emerald Group Publishing. This book was released on 2017-10-17 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Delving into the effects of microfinance in both rural and urban communities, this book will be of interest to researchers of women studies, microfinance, and development economics.
Download or read book Microfinance and Women Empowerment A Study with Special Reference to Ramapuram Grama Panchayat written by Laly Antoney and published by Amazon Publishers, USA. This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Microfinancing expanded rapidly in India over the past two decades. India has witnessed innovations in financial options for Micro Finance Institutions (MFI), the addition of new products and services, such as insurance and pension schemes, and the entry of Internet kiosks to rural villages. It has been a recognised fact that microcredit is the most effective instrument of dealing with two crucial social issues, ie, poverty alleviation and women empowerment. The experience of microfinance concept is underlined the fact that it is an apt tool to empower the rural women economically, psychologically and socially. It is hoped to enhance the scope of empowerment of women, which has already found its way in the academic discourse on social welfare schemes and effective rural credit delivery mechanism. This will definitely pave the way for distinctively evolving a solution for Indian way of financing and women capability improvement in terms of the vision of Indian born Nobel laureate for Economics, Dr. Amartya Sen. This will also help us in evolving a societal friendly way of financing in developing the economy by improving the quality of life, living standards, to alleviate poverty, inequality, other developmental and gender issues. It will stimulate the women's imagination about a better world with less injustice and inequalities. Every social experiment or endeavor has inherent in it the potential for both success and failure. But if the experiment is in the right direction, the, failure becomes a stepping-stone to success. The pioneer in this experiment with the micro finance and women empowerment can take the first step or one step at a time, and this becomes the foundation of the ultimate success.
Download or read book Financial Inclusion and Livelihood Transformation written by Srimoyee Datta and published by Springer Nature. This book was released on 2023-08-28 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the role and effect of Microfinance Institutions (MFIs) with different dimensions. It is being supported with strong empirical evidence into various parameters of MFIs directed towards inclusive finance and the transformation journey of livelihoods of its beneficiaries. It also incorporates empirical evidence with the perception of both beneficiaries and non-beneficiaries. Starting its journey toward the path of comprehending how MFIs make their footprint among the excluded population in the selected areas, it incorporates the different outcomes of MFI lending like credit utilisation patterns, income generation, and employability. As financial stability helps to break out the vicious cycle of poverty, this book emphasises the self-dependent element for the beneficiaries and their households. It addresses the important issue of the female counterparts in society. It shows how the MFIs work actively to generate female empowerment from multiple dimensions among the selected communities. It addresses key issues to consider for inclusive policy formulation, especially for backward communities in the backward areas and gives a realistic scenario of the MFI activities, their interactions with the respondents, the various outcomes, and areas for further developments, etc. This book is beneficial for academicians, researchers, and policymakers.
Download or read book Microfinance Marvels written by Nindaanis Cullen and published by . This book was released on 2023-11 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's financial world, microfinance has emerged as a significant tool to address rampant and pervasive poverty. It represents a revolutionary idea, aiming to serve the poorest of the poor, who are typically considered unviable candidates for business loans. Microfinance has been gaining greater importance globally, with India, being a demographically diverse country, witnessing its multifaceted impact, leading to the evolution of various microfinancing delivery models. The increasing significance of microfinance has inspired economists and academicians to study its role and impact in poverty alleviation, financial inclusion, employment generation, women's empowerment, and entrepreneurial development. However, most studies have focused on district or state levels, with national-level research primarily concentrating on the contribution of commercial banks in microfinancing. This has left a research gap regarding the various delivery channels of microfinance and their nationwide status. The present study represents a modest attempt to comprehensively analyze the delivery models of microfinance in India, with special reference to the role of the National Credit Fund for Women, also known as Rastriya Mahila Kosh (RMK). RMK is a registered society operating under the Ministry of Women and Child Development, Government of India, established in 1993 with the initiation of the Self Help Group (SHG) movement in India. Despite its significance, there is limited literature available regarding the working, growth, and role of RMK in microfinancing. The primary objective of this study is to analyze the geographical distribution patterns of microfinance under different delivery models and identify any disparities present within them. The study also aims to analyze the trends and status of microfinance extended by RMK. This research study is divided into six chapters. The first chapter contains the introduction and research methodology. The second chapter provides insights into the main players in the delivery channels of microfinance, namely, Self Help Groups (SHGs) and Non-Governmental Organizations (NGOs). The third chapter analyzes the nationwide status of the microfinance delivery system in India. The fourth chapter offers an overview of the objectives, functions, and loan operations of RMK. The fifth chapter comprises the analysis of geographical dispersion and the performance of RMK's loan operations. Finally, the sixth chapter summarizes the findings of the study. This research work focuses on the prevailing delivery systems in India, namely, the SHG-Bank Linkage Model (SHG-BLP) and the Microfinance Institution Model (MFI Model). The total credit extended by both models amounted to 1 lakh crore as of March 31, 2018, covering more than 11 crores households, with 95% of beneficiaries being women. The study of geographical distribution of both delivery models revealed disparities in credit distribution. Region-wise analysis of the SHG-BLP Model showed that the Southern Region of the country accounted for a significant share of 80% of total credit sanctioned in the year 2017-18. Total loans disbursed to the Southern Region amounted to Rs. 31023.32 crore, out of the total of Rs. 38781.15 crore for the entire country. The top five states with the highest number of SHGs credit-linked with banks were Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, and West Bengal, with the first four belonging to the Southern Region. Savings and outstanding loans in the regions exhibited a similar pattern.
Download or read book The Effect of Microfinance Institutions on the Growth of Small Scale Enterprises in Kiambu County EMOD Thesis a Ccompanied by a CD ROM written by and published by . This book was released on 2014 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main objective of this study was to determine the effect of MFIs on the growth of SMEs in Kiambu County. The study was guided by the following research objectives: To determine the effect of MFIs on the growth of SMEs capital, to examine the effect of MFIs on the growth of SMEs human resource and to investigate ways of how MFIs can improve their financial assistance towards SMEs growth. This research adopted a descriptive research design. A descriptive research design is a scientific method which involves observing and describing the behaviour of a subject without influencing it in any way. The research population consisted of 25,000 registered Kiambu SMEs. In this study, the sampling frame constituted of SMES entrepreneurs and the information was obtained from the Kiambu County Authorities. The sampling techniques included the purposive sampling method in the determination of SMEs to be included in the study. Using a confidence level of 95% and a total population of 25,000 SMEs the sample size was 393. The data collection techniques that were employed for the research include the use of structured questionnaires. The respondents were requested for their time prior to sending the actual questionnaire. A pilot test involving 5 respondents was carried out to evaluate the completeness, precision, accuracy and clarity of the questionnaires. In this study, the descriptive statistics such as percentages and frequency distribution will be used to analyze the demographic profile of the participants. The demographic data will be tabulated using frequency and percentages. In order to describe the data, the study used means of each variable. The study established that savings remains the most important source of finance throughout the business cycle. The MFIs play a smaller role in economic empowerment of SMEs in Kiambu County, as most of the respondents, depended on village loans, self help groups (SHG) and from family members in generating their business start up capital. SHGs can also promote savings and yield moderate economic benefits that reduce the dependence on moneylenders. Access to finance has been identified as a key element for small scale enterprises to succeed in their drive to build productive capacity, to compete, to create jobs and to contribute to poverty alleviation in the county. Without finance, small scale enterprises cannot grow or compete in the turbulent business environment. MFIs play a small role on the growth of human capital. From the findings, MFIs also play a small role in making the labour force to be more productive. A small proportion of the respondents agreed that there were a number of MFIs offering business training to small and medium scale entrepreneurs in Kiambu County. It was also found that MFIs do not play any significant role in offering training in business skills. Any government interested in the development of their economy should be involved in the provision of good regulations for business growth. Making credit available to SMEs and at an affordable rate is a means to empower them. MFIs should deal with trust worthy Self Help Groups. MFIs should increase the grace period of loan repayment among SMEs. MFIs should collaborate with other MFIs in assisting SMEs and sensitization of SME business management in giving clients information about new loans, saving procedures and any other new products from the MFIs. The study concludes that MFIs have a small impact on the growth of SMEs as savings remains the most important source of finance throughout the business cycle. MFI plays a small role on the growth of human capital. The Kenyan government has failed to safe guard the property of the SMEs. The study recommends that MFIs should come up with innovative ways to finance SMEs for successful growth. MFI should play a critical role on the growth of human capital. The government should be involved in business growth. MFIs should assist SMEs in marketing of the business products, making credit available to SMEs at an affordable rate.
Download or read book Evaluation of Microfinance Institutions in Varanasi with Special Reference to Client Education written by Vinita Kalra and published by Cambridge Scholars Publishing. This book was released on 2018-12-21 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last two decades, microfinance has gained growing recognition as an effective tool for improving the quality of life and the living standard of poor and low-income people. Microfinance’s popularity reached a peak when the United Nations declared 2005 the ‘International Year of Microcredit’ and when, one year later, the author of ‘Banker to the Poor’, Muhammad Yunus, was awarded the Nobel Peace Prize. This recognition has given rise to a movement that was supposed to accomplish social and financial goals simultaneously and without any friction. However, microfinance as an industry was shaken for the first time in 2008, as a consequence of the international financial crisis, and it again suffered problems more recently. It was reported that the populist moves by politicians led to a mass default of loans, of worth more than US$1.5 billion in the southern Indian state of Andhra Pradesh, the biggest market for the microfinance institutions in India. Measures taken to ensure that the 2008 crisis and its consequences are not repeated include bringing clients’ protection principles to work and building client awareness in order to make informed decisions. This book focuses on the efficacy of ‘financial education’ as a tool towards attaining client protection. It also utilizes the Microfinance Clients Awareness Index to evaluate the factors that impact the level of financial awareness for microfinance clients.
Download or read book Microfinance through Women Self Help Groups SHGs for Grass root level Empowerment An Empirical study of Varanasi Uttar Pradesh India written by Tripti Kumari and published by kassel university press GmbH. This book was released on 2016 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microfinance, as a concept, involves providing financial services, particularly small credit, fund transfer, and insurance to the unemployed, low-income group, and those who do not have easy access to the banking system. It has emerged as an active agent of financial inclusion, ensuring economic, and social upliftment of the unprivileged. Microfinance is being operated through two channels Self-help Group-Bank Linkage Programme (SBLP) and Micro-finance Institutions (MFIs). The special characteristic of SBLP is its direct connection with the clients at the grass-root level and working towards poverty reduction by providing financial support. The paper is based on a field study on SBLP undertaken for women in the Varanasi District of Uttar Pradesh, India. The increase in women’s participation in economic activities and decision-making reveals that SHGs have made an impact. SHGs have also helped them to create a common platform to participate, discuss, and find a solution of their problems. Women’s income and occupation structure under SHGs have also influenced the standard of living and empowerment level significantly.
Download or read book Changing Contours of Microfinance in India written by Jayadev M. and published by Routledge. This book was released on 2016-05-12 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together empirical evidences and theoretical perspectives to provide a comprehensive overview of the microfinance sector in India. The essays in the volume: focus on the application of information and communication technology (ICT) solutions in microfinance institutions to strengthen the savings movement and widen credit access to the poor and marginalized sections of society; present case studies on self-help group (SHG) movements, federations and SHG-Bank Linkage programmes; propose measures for strengthening regulatory and governance structures of the microfinance sector; and identify linkages between overall financial inclusion and the contribution of microfinance institutions (MFIs). The volume will be indispensable for scholars and researchers of microeconomics, South Asian economics and development economics as well as professionals and aspirants in the microfinance, rural banking and financial inclusion sectors.
Download or read book Microfinance Risk taking Behaviour and Rural Livelihood written by Amit K. Bhandari and published by Springer Science & Business Media. This book was released on 2013-08-15 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an in-depth analysis of borrowing and risk taking behavior of rural people, with the aim of designing effective financial products and service delivery in the rural market. Includes analysis of government schemes to promote rural development.
Download or read book Role of Microfinance Institutions in Social Development written by Srirang Jha and published by . This book was released on 2019 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microfinance institutions (MFIs) work towards financial inclusion, livelihood sustainability through micro-enterprises and social development to empower the marginalized sections of communities across the globe. This paper is a modest effort to understand the unique role of MFIs in social development especially in Indian context. Although providing financial services is the primary goal of MFIs, these small institutions have tried to make a big difference in the lives of the poor by various interventions revolving around social development of marginalized sections. MFIs in India have been involved in capacity building, financial literacy, livelihood promotion, preventive healthcare, education and training, water and sanitation, etc. The paper provides a comprehensive review of some of the interventions triggered by MFIs in India so as to empower the people living on the fringes without any hope of redemption. Besides, the paper also emphasises the need for providing financial incentives to the MFIs engaged in social development of the poor by the state agencies as well as large banks which are supporting these institutions. Financial inclusion alone cannot empower the poor. It is important that the MFIs expand their social development interventions in terms of reach, quality, and overall impact on the people who are living on the margins.
Download or read book Handbook of Research on Microfinancial Impacts on Women Empowerment Poverty and Inequality written by Ramesh Chandra Das and published by Business Science Reference. This book was released on 2018-05-11 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book explores the issue of whether microfinance institutions empower women has become a heated debate not only in theoretical and empirical economics, but also in policy parlance"--
Download or read book Fighting Poverty with Microfinance written by and published by . This book was released on 2000 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: With special reference to Asia.
Download or read book Impact of Micro Finance with Special Reference to Socio Cultural Interpersonal Empowerment of Women written by Rajanibala Shah and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rationale - Globalization is having two sides like a coin, which gives enormous benefits but also brings in evils of competition which is having questions on the sustainability of the existing organizations. Micro-finance institutions are required to meet double bottom lines, maintaining a balance amongst access, impact and sustainability. The purpose of the empirical study is to gauge the impact of micro-finance on the empowerment of women, so as to check whether micro-finance justifies main objective of offering such a facility. Objectives - The main objectives include understanding the different benefits of micro-finance services, demographics of women who have availed micro-finance and accordingly determining the features which enable a better understanding of the processes of self-help groups (SHGs) and testing whether becoming a part of SHG has empowered women in the context of freedom to take important decisions which can be considered as socio-cultural and interpersonal empowerment.Design/methodology/approach - The data is collected using a self administered questionnaire. The sample size for the study is 56 respondents. SPSS 20 and MS Excel packages have been used for analysis. Descriptive statistics and nonparametric tests like Fisher and Wilcoxon tests have been used for determining the findings.Findings - The study suggests that micro-finance facilities benefit the women in the context of interpersonal and socio-cultural factors. The study also indicates that educated women and mature members of SHG understand the process of SHG quickly and easily. Also women feel empowered in terms of taking decisions related to money matters after availing micro-finance services.Research Limitations/implications - A key limitation of this study is the sampling frame and size. Also the study focuses only on socio-cultural and interpersonal dimensions of empowerment. Future studies should replicate this study in different contexts.
Download or read book An Analytical Study of Microcredit in India with Reference to Economic Empowerment of Women written by Nandini Niti and published by Infotech. This book was released on 2023-01-13 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial services are critical if the poor have to be enabled to leverage their initiative, accelerating the process of building incomes, assets, and economic security. However conventional financial institutions seldom lend down-market to serve the needs of low-income families and/or women-headed households. An efficient and viable credit-delivery system catering to a large section of the poor is still a distant dream. In the past few decades, microcredit has been used throughout the Third World to promote grassroots entrepreneurship. Microcredit's success overseas has caught the attention of Indian policy-makers, business leaders, and charitable organizations. They see it as a way to reduce the widespread incidence of poverty and unemployment in India
Download or read book The Microcredit Business and Women s Empowerment in India written by Malika Basu and published by Shaker. This book was released on 2008 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:
