A study on the performance of Micro Finance with respect to Self Help Groups in Karnataka

Dr. Jagannatha

A study on the performance of Micro Finance with respect to Self Help Groups in Karnataka

Authors: Dr. Jagannatha

Unique Paper ID: 150420
Volume: 6
Issue: 12
PageNo: 948-952

Keywords: Micro finance Financial inclusion Marginal farmers NBFCâ€™s Self Help Groups.

Abstract:
Micro-Finance is emerging as a powerful instrument for poverty alleviation in the new economy. In India, Micro-Finance is dominated by Self Help Groups (SHGs) - Banks linkage Programme, aimed at providing a cost effective mechanism for providing financial services to the â€˜unreached poorâ€™. In the Indian context terms like â€œsmall and marginal farmersâ€, â€œrural artisansâ€ and â€œeconomically weaker sectionsâ€ have been used to broadly define micro-finance customers. Research has shown that, over time, microfinance customers increase their income and assets, increase the number of years of schooling that their children receive and have shown improved health and nutrition of their families. A more refined model of micro-credit delivery has evolved lately, which emphasizes the combined delivery of financial services along with technical assistance and agricultural business development services. Compared to the wider SHG bank linkage movement in India, private Micro Finance Institutions have limited outreach, because SHGâ€™s open bank account with either commercial banks or regional rural banks or co-operative societies. However, it is seen that recently large number of microfinance institutions are transforming into Non-Bank Financial Institutions (NBFCs). This changing face of microfinance in India appears to be positive in terms of the ability of microfinance to attract more funds and therefore increase outreach.

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ISSN: 2349-6002
Volume: 6
Issue: 12
PageNo: 948-952

A study on the performance of Micro Finance with respect to Self Help Groups in Karnataka

Available:https://ijirt.org/Article?manuscript=150420

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