UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 2 Issue 6
June-2015
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR1701556


Registration ID:
313725

Page Number

1003-1016

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Title

PERFORMANCE OF MICRO FINANCE IN INDIA RECENT CHALLENGES AND REMEDIES .

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Abstract

The paper attempts to define microfinance based on the financial needs of poor people, identify the constraints in carrying out this business, and find out solutions to the problems. It discusses the merit of linkage of formal and informal systems of financial operations and evaluates the functioning of different models of micro financing in India. Whereas the formal system ensures access to large and cheap financial source, the informal system facilitates convenient financial transactions according to need. The paper then compares (i) individualistic and cooperation approach, (ii) Self Help Group (SHG) and Bangladesh Grameen Group (BGG) models and (iii) Federation and Cooperatives. It argues that although individualistic approach has less hassle, transaction cost and risk are high. The group formation cost in cooperation approach, although high in the short run, tapers down in the long run. Empowerment content in SHG is much higher than in BGG, as members of the former are trained to undertake larger responsibilities. Scope of savings and self reliance so far as financial dependence is concerned is much higher in SHG. That's why financial institutions may

Key Words

prefer BGGs with whom they may have credit relationship for a longer period. Whereas cooperatives generally have been hijacked by richer people because of management of a large, heterogeneous

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"PERFORMANCE OF MICRO FINANCE IN INDIA RECENT CHALLENGES AND REMEDIES .", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.2, Issue 6, page no.1003-1016, June-2015, Available :http://www.jetir.org/papers/JETIR1701556.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"PERFORMANCE OF MICRO FINANCE IN INDIA RECENT CHALLENGES AND REMEDIES .", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.2, Issue 6, page no. pp1003-1016, June-2015, Available at : http://www.jetir.org/papers/JETIR1701556.pdf

Publication Details

Published Paper ID: JETIR1701556
Registration ID: 313725
Published In: Volume 2 | Issue 6 | Year June-2015
DOI (Digital Object Identifier):
Page No: 1003-1016
Country: Davangere District, Karnataka, India .
Area: Arts
ISSN Number: 2349-5162
Publisher: IJ Publication


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