Microfinance Through Shgs

MICROFINANCE THROUGH SELF HELP GROUPS Mrs. Anitha S Lecturer St. Agnes amount of money 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 real pregnant purpose in the upliftment of the sylvan poor, marginalised and the women. Though microfinance ply be disbursed by dint of a twist of institutions and agencies, studies show that their efforts realize 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 victimization that has taken place by the channelization of microfinance through them. Keywords: Microfinance, Self-help Groups (SHGs), NABARD, Commercial Banks, RRBs, accommodating Banks, Rural Development. INTRODUCTION: India is a country of villages and coarse development forms a very primary(prenominal) part of the Governments developmental efforts. Microfinance is an important tool in rural development. While a identification number of agencies and institutions are involved in the disbursement of microfinance, Self-help groups (SHGs) are instal to play an important role in this regard. Robinson Maguerite S.

defines microfinance as subatomic scale financial function for both credits and deposits that are provided to people who farm or fish or hatch; operate small or micro-enterprises where goods are produced, recycled, repaired, or traded; provide servic es; work for takings or commissions; gain i! ncome from letting out small amounts of land, vehicles, brief animals, or machinery and tool; and to opposite 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 cardinal different channels: unceremonious Financial Service Providers: These let in money lenders, pawn...If you want to line a full essay, secern it on our website: OrderCustomPaper.com

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