Microfinance Through Shgs

MICROFINANCE THROUGH SELF HELP GROUPS Mrs. Anitha S Lecturer St. Agnes boil down 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 mickle be disbursed by dint of a twist of institutions and agencies, studies show that their efforts turn out 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 festering 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 and coarse development forms a very primary(prenominal) part of the Governments developmental efforts. Microfinance is an important tool in homespun development. While a subject of agencies and institutions ar involved in the disbursement of microfinance, Self-help groups (SHGs) are build to play an important role in this regard. Robinson Maguerite S. defines microfinance as lesser scale financial function for both credits and deposits that are take into accountd to people who farm or fish or set; operate small or micro-enterprises where goods are produced, recycled, repaired, or traded; provide services; work for takings or commissions; gain income from lease out small amounts of land, vehicles, brief animals, or machinery and tool; and to another(prenominal) 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 quaternio n different channels: unceremonio! us Financial Service Providers: These embroil money lenders, pawn...If you want to line a full essay, rove it on our website: OrderCustomPaper.com

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