Microfinance Through Shgs

MICROFINANCE THROUGH SELF HELP GROUPS Mrs. Anitha S Lecturer St. Agnes nerve center for Post ammonium alum Studies and Research Mercara Hill Road, Bendore, Mangalore. electronic mail id.: ani_3081@rediffmail.com Phone No. 9964674326 Abstract: Microfinance has play a very(prenominal) pregnant purpose in the upliftment of the sylvan poor, marginalised and the women. Though microfinance keister be disbursed by dint of a twist of institutions and agencies, studies show that their efforts bugger off given best results when the finance has been channelised through the Self-help groups (SHGs). This paper presents a brief picture of microfinancing efforts in India with special(a) reference to SHGs and highlights the tuition that has taken place by the channelization of microfinance through them. Keywords: Microfinance, Self-help Groups (SHGs), NABARD, Commercial Banks, RRBs, joint Banks, Rural Development. INTRODUCTION: India is a country of villages a nd coarse development forms a very of import part of the Governments developmental efforts. Microfinance is an important tool in countryfied development. While a pattern of agencies and institutions be involved in the disbursement of microfinance, Self-help groups (SHGs) are make to play an important role in this regard. Robinson Maguerite S.

defines microfinance as niggling scale financial function for both credits and deposits that are addd to people who farm or fish or pack; operate small or micro-enterprises where goods are produced, recycled, repaired, or traded; provide services; work for t akings or commissions; gain income from lett! ing out small amounts of land, vehicles, brief animals, or machinery and tool; and to separate individuals and local groups in exploitation countries, in both rural and urban areas. (Srinivasan & Sriram, 2003) THE CHANNELS OF MICROFINANCE IN INDIA: The Microfinance is provided in India through quadruple different channels: unceremonious Financial Service Providers: These overwhelm money lenders, pawn...If you want to line a full essay, rear it on our website: OrderCustomPaper.com

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