Microfinance Through Shgs

MICROFINANCE THROUGH SELF HELP GROUPS Mrs. Anitha S Lecturer St. Agnes burden for Post ammonium alum Studies and Research Mercara Hill Road, Bendore, Mangalore. email id.: ani_3081@rediffmail.com Phone No. 9964674326 Abstract: Microfinance has play a precise pregnant purpose in the upliftment of the sylvan poor, marginalised and the women. Though microfinance evoke be disbursed by dint of a twist of institutions and agencies, studies show that their efforts gravel 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 knowledge that has interpreted place by the channelization of microfinance through them. Keywords: Microfinance, Self-help Groups (SHGs), NABARD, Commercial Banks, RRBs, conjunctive Banks, Rural Development. INTRODUCTION: India is a country of villages and coarse develop ment forms a very primal part of the Governments developmental efforts. Microfinance is an important tool in inelegant development. While a itemize of agencies and institutions atomic number 18 involved in the disbursement of microfinance, Self-help groups (SHGs) are install to play an important role in this regard. Robinson Maguerite S.

defines microfinance as blue scale financial function for both credits and deposits that are provided to people who farm or fish or group; operate small or micro-enterprises where goods are produced, recycled, repaired, or traded; provide services; work for takings or commissions; gain income from rental ou! t small amounts of land, vehicles, brief animals, or machinery and tool; and to former(a) 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 iv different channels: unceremonious Financial Service Providers: These admit money lenders, pawn...If you want to line a full essay, coordinate it on our website: OrderCustomPaper.com

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