Micro Finance and India's Rural Economy - Couverture rigide

Couverture rigide

ISBN 10 : 8177082639 ISBN 13 : 9788177082630

Editeur : New Century Publications, 2011

Synopsis

After achieving independence in 1947, the government of India and the Reserve Bank of India have made concerted efforts to provide the poor with access to credit. Despite the phenomenal increase in the physical outreach of formal credit institutions in the past several decades, India's rural poor continue to depend on informal sources of credit. Institutions have also faced diffities in dealing effectively with a large number of small borrowers, whose credit needs are small and frequent, and their ability to offer collaterals is limited. Cumbersome procedures and risk perceptions of the banks leave a gap in serving the credit needs of the rural poor. It is in this context that micro credit has emerged as the most suitable and practical alternative to the conventional banking in reaching India's hitherto unreached poor population. Micro credit enables poor people to be thrifty, and it helps them in availing the credit and other financial services for improving their income and living standards. India's Self-Help Group (SHG)-Bank Linkage Program was formally launched in 1992. The Program enages the organization of the rural poor into SHGs for building their capacities to manage their own finances and then negotiate bank credit on commercial terms. This book contains well-researched papers which provide ytical information on various aspects of the micro finance and its impact on rural economy of India.

Détails de l'édition

• Éditeur: New Century Publications
• Date d'édition: 2011
• Langue: anglais
• ISBN 10: 8177082639
• ISBN 13: 9788177082630
• Reliure: Relié
• Nombre de pages: 179
• Éditeur: Kumar Das Sudhansu
• Coordonnées du fabricant: Buchpark GmbH; https://www.buchpark.de; ; Krügerweg 1; Trebbin; Brandenburg; 14959; Allemagne