Improving Access To Finance For India S Rural Poor

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Improving Access To Finance For India S Rural Poor

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Author : Priya Basu
language : en
Publisher: World Bank Publications
Release Date : 2006-01-01

Improving Access To Finance For India S Rural Poor written by Priya Basu and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with Business & Economics categories.

Annotation This book examines the current level and pattern of access to finance for India's rural households, evaluates various approaches for delivering financial services, analyzes what lies behind the lack of adequate financial access, and identifies what it would take to improve access to finance.

Rural Finance An Unsolvable Question

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Author : Tiken Das
language : en
Publisher:
Release Date : 2013-08

Rural Finance An Unsolvable Question written by Tiken Das and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-08 with categories.

Research Paper from the year 2013 in the subject Business economics - Investment and Finance, grade: -, North Eastern Social Research Centre, language: English, abstract: Access to financial markets is important for poor people. Like all economic agents, low-income households and microenterprise can benefit from credit, saving and insurance services. But financial markets, because of their special features, often serve poor people badly, since poor people often have insufficient traditional forms of collateral such as physical assets to offer. Thus the poor generally excluded from the formal financial institutions and have to depend on informal sector. In India, since the early national plans, successive governments have emphasized the link between improving access to finance and reducing poverty. But the vast majority of India's rural poor still do not have access to either formal finance or microfinance. It was found that credit cooperatives, commercial banks, and other formal financial sector programs in rural areas have not displaced informal sources of credit, altogether. It is assessed that the share of rural informal credit in total outstanding debt has been certainly decreasing over the period from 1950 to 2002 with various financial initiatives of the RBI and legislation of the various state government to regulate moneylenders. However, about two-fifth of the rural household's dependence on informal credit, even today, indicates further scope for financial inclusion in rural areas. According to author financial awareness has to be spread amongst the excluded masses that are illiterate and poor. Financial inclusion and financial literacy are two sides of the equation. Financial inclusion acts from supply side by providing financial markets/services that people demand whereas financial literacy stimulates the demand side by making people aware of what they can demand.

Scaling Up Microfinance For India S Rural Poor

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Author :
language : en
Publisher: World Bank Publications
Release Date :

Scaling Up Microfinance For India S Rural Poor written by and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.

Micro Finance And Poverty Eradication

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Author : Daniel Lazar
language : en
Publisher: New Century Publications
Release Date : 2008

Micro Finance And Poverty Eradication written by Daniel Lazar and has been published by New Century Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Microfinance categories.

Since independence in 1947, the government of India and the Reserve Bank of India (RBI) 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 difficulties 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 have left a gap in serving the credit needs of the rural poor. This has led to a search for alternative policies, systems and procedures, saving and loan products, other complementary services, and new delivery mechanisms that would fulfill the requirements of the poor. It is in this context that micro credit has emerged as the most suitable and practical alternative to conventional banking in reaching the hitherto unreached poor population. Micro finance is the provision of a broad range of financial services - such as deposits, loans, payments, money transfers, and insurance - to the low-income households and their micro enterprises. The basic purpose of micro finance is to provide access to financial assistance, including credit to the poor, enabling them to start/expand micro enterprises and break out of poverty. Micro credit helps the poor in making available the credit and other financial services for improving their income and living standards. The micro credit program - which was formally heralded in 1992 with a modest pilot project of linking around 500 Self-help Groups - has made rapid strides in India, exhibiting considerable democratic functioning and group dynamism. The micro credit program in India is now the largest in the world. This book contains 45 scholarly papers in the field of micro finance in India, categorized in five parts: Micro Finance: General Observations . Micro Finance, Self-help Groups, and Financial Inclusion . Micro Finance, Poverty Alleviation, and Empowerment of Women . Technical Aspects of Micro Finance . Micro Finance: Case Studies in India and Abroad.

Micro Finance And India S Rural Economy

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Author : Sanjay Kanti Das
language : en
Publisher:
Release Date : 2011

Micro Finance And India S Rural Economy written by Sanjay Kanti Das and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Credit categories.

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 difficulties 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 envisages 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 analytical information on various aspects of the micro finance and its impact on rural economy of India.

Micro Finance For Rural India

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Author : Surajit Kumar Bhagowati
language : en
Publisher:
Release Date : 2013

Micro Finance For Rural India written by Surajit Kumar Bhagowati and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Microfinance categories.

According to India's 2011 Census, the rural population was 68.8% of India's total population. Rural development implies both the economic betterment of people, as well as greater social transformation. Increased participation of people in the rural development process, decentralization of planning, better enforcement of land reforms, and greater access to credit and inputs go a long way in providing the rural population with better prospects for improved quality of life. Since 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, the rural poor continue to depend on informal sources of credit. It is in this context that micro credit has emerged as the most suitable and practical alternative to the conventional banking in reaching the hitherto unreached poor population. Micro credit enables poor people to be thrifty and helps them in availing the credit and other financial services for improving their income and living standards. This book examines the working of institutions engaged in providing rural finance and the policies of the government for financial inclusion of the poor.

Microcredit And Rural Poverty

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Author : M.L. Narasaiah
language : en
Publisher: Discovery Publishing House
Release Date : 2006

Microcredit And Rural Poverty written by M.L. Narasaiah and has been published by Discovery Publishing House this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Financial services industry categories.

The founding of financial institutions in the developing countries, whose target groups are supposed to be poorer people and, in particular, income-generating micro, small-scale and medium-sized enterprises, originated in the industrialized nations. Soon after Western development policy began in the 1950s and 1960s the donors noted that investment in infrastructure was insufficient to achieve growth. Reflecting on the experiences of Europe, state or mixedenterprise development banks were founded in many developing countries with the support of various donors. The banks were to promote industrialization as a subsituation for imports, as well as farming, housing construction and regional development. Their common feature was that they combined the characteristics of a bank and a public authority. On the one hand, they managed loan holdings and handled payment transactions, and one the other they prompted development by non-repayable grants. Since these functions each followed a very different logic, the banks were required to undertake a difficult tightrope walk.

Innovations In Rural And Agriculture Finance

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Author : Kloeppinger-Todd, Renate
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2010-07-21

Innovations In Rural And Agriculture Finance written by Kloeppinger-Todd, Renate and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-07-21 with Social Science categories.

Everywhere in the world, small agricultural producers are entrepreneurs, traders, investors, and consumers, all rolled into one. In all these roles, small agricultural households constantly seek to use available financial instruments to improve their productivity and secure the best possible consumption and investment choices for their families. But the package of financial services available to small farmers in developing countries is severely limited, especially for those living in remote areas with no access to basic market infrastructure. When poor people have limited saving or borrowing options, their investment plans are stifled and it becomes harder for them to break out of poverty. If households have no access to insurance and are unable to accumulate small savings that enable them to pay for household and business expenses, especially during lean seasons, they are forced to limit their exposure to risk, even if high returns are expected, once again making the pathway out of poverty more arduous than necessary. Inadequate access to financial services is thus part of what is often called the “poverty trap.”

Microfinance A Way To Alleviate Poverty

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Author : Shweta Sawhney
language : en
Publisher: GRIN Verlag
Release Date : 2011-09-26

Microfinance A Way To Alleviate Poverty written by Shweta Sawhney and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-09-26 with Business & Economics categories.

Essay from the year 2011 in the subject Business economics - Investment and Finance, grade: none, , course: MFC, language: English, abstract: The article traces the fruition of the Microfinance insurrection in India as a potent tool for poverty mitigation and women empowerment. Where institutional finance failed Microfinance delivered. In a country like India, where almost 70 per cent of the population is in the rural areas, with little or no access to main stream financing options, microfinance has a huge role to play and a huge population to uplift. The paper discusses the present scenario of microfinance Institutions (MFIs) in India. In spite of the impressive figures, the supply side of microfinance in India is still presently abhorrently inadequate to fill the fissure between demand and supply but it holds the promise to act as a great opportunity for the financial sector and the economy as a whole.

Access To Land In Rural India

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Author : Robin Mearns
language : en
Publisher: World Bank Publications
Release Date : 1999

Access To Land In Rural India written by Robin Mearns and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Agrarian Structure categories.

Abstract: May 1999 - Access to land is deeply important in rural India, where the incidence of poverty is highly correlated with lack of access to land. The author provides a framework for assessing alternative approaches to improving access to land by India's rural poor. He considers India's record implementing land reform and identifies an approach that includes incremental reforms in public land administration to reduce transaction costs in land markets (thereby facilitating land transfers) and to increase transparency, making information accessible to the public to ensure that socially excluded groups benefit. Reducing constraints on access to land for the rural poor and socially excluded requires five key issues: restrictions on land-lease markets, the fragmentation of holdings, the widespread failure to translate women's legal rights into practice, poor access to (and encroachment on) the commons, and high transaction costs for land transfers. Among guidelines for policy reform the author suggests: Selectively deregulate land-lease (rental) markets, because rental markets may be important in giving the poor access to land; Reduce transaction costs in land markets, including both official costs and informal costs (such as bribes to expedite transactions), partly by improving systems for land registration and management of land records; Critically reassess land administration agencies and find ways to improve incentive structures, to reduce rent-seeking and base promotions on performance; Promote women's independent land rights through policy measures to increase women's bargaining power within the household and in society generally; Improve transparency of land administration and public access to information, to reduce rent-seeking by land administration officers and to strengthen poor people's land rights (and knowledge thereof); Strengthen institutions in civil society to provide the awareness, monitoring, and pressure needed for successful reform and to provide checks and balances on inappropriate uses of state power; In a companion paper (WPS 2124) the author addresses these issues at the level of a particular state - Orissa, one of India ' s poorest states - in an empirical study, from a transaction costs perspective, of social exclusion and land administration. This paper - a product of the Rural Development Sector Unit, South Asia Region - is part of a larger effort in the region to promote access to land and to foster more demand-driven and socially inclusive institutions in rural development.