Microfinance Through Shgs

MICROFINANCE THROUGH SELF HELP GROUPS Mrs. Anitha S Lecturer St. Agnes revolve around for Post ammonium alum Studies and Research Mercara Hill Road, Bendore, Mangalore. netmail id.: ani_3081@rediffmail.com Phone No. 9964674326 Abstract: Microfinance has play a truly pregnant purpose in the upliftment of the sylvan poor, marginalised and the women. Though microfinance washbowl be disbursed by dint of a twist of institutions and agencies, studies show that their efforts wee 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 organic evolution that has taken place by the channelization of microfinance through them. Keywords: Microfinance, Self-help Groups (SHGs), NABARD, Commercial Banks, RRBs, reconciling Banks, Rural Development. INTRODUCTION: India is a country of villages and coa rse development forms a very grave part of the Governments developmental efforts. Microfinance is an important tool in verdant development. While a moment of agencies and institutions argon involved in the disbursement of microfinance, Self-help groups (SHGs) are plunge to play an important role in this regard. Robinson Maguerite S.

defines microfinance as junior-grade scale financial function for both credits and deposits that are impartd to people who farm or fish or crowd together; operate small or micro-enterprises where goods are produced, recycled, repaired, or traded; provide services; work f or takings or commissions; gain income from! rent 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 4 different channels: unceremonious Financial Service Providers: These entangle money lenders, pawn...If you want to line a full essay, nightclub it on our website: OrderCustomPaper.com

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