Microfinance Through Shgs

MICROFINANCE THROUGH SELF HELP GROUPS Mrs. Anitha S Lecturer St. Agnes bosom 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 really pregnant purpose in the upliftment of the sylvan poor, marginalised and the women. Though microfinance seat be disbursed by dint of a twist of institutions and agencies, studies show that their efforts pay 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 ontogenesis that has interpreted place by the channelization of microfinance through them. Keywords: Microfinance, Self-help Groups (SHGs), NABARD, Commercial Banks, RRBs, accommodative Banks, Rural Development. INTRODUCTION: India is a country of villages and coarse developmen t forms a very chief(prenominal) part of the Governments developmental efforts. Microfinance is an important tool in outlandish development. While a look of agencies and institutions ar involved in the disbursement of microfinance, Self-help groups (SHGs) are lay down to play an important role in this regard. Robinson Maguerite S.

defines microfinance as slender scale financial function for both credits and deposits that are go awayd to people who farm or fish or hatch; operate small or micro-enterprises where goods are produced, recycled, repaired, or traded; provide services; work for takings or commissions; gain income from undertake ou! t 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 iv different channels: unceremonious Financial Service Providers: These accommodate money lenders, pawn...If you want to line a full essay, tack it on our website: OrderCustomPaper.com

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